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Potomac, MD Utility & Living Guide
Living in Potomac, MD offers a unique blend of suburban tranquility and access to urban amenities
Monthly Utility Costs
$140/mo
$60/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1800/mo |
| 2 Bedrooms | $2200/mo |
| 3 Bedrooms | $2800/mo |
| Median Home Price | $640,000 |
| Property Tax Rate | 1.04% |
| Avg Childcare/mo | $1200 |
The housing market in Potomac is highly competitive, with a mix of older and newer homes, and a strong demand for properties with good schools and convenient access to DC. The area is known for its expensive homes, with many properties selling for over $1 million. However, there are also more affordable options available, including condos and townhouses.
Cost of Living
146
+46% above national average
108
94
102
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 1.04% |
| <p>State 6% + County 0% + City 0%</p> | |
Maryland has a progressive income tax system, with rates ranging from 2% to 5.75%
Family & Relocation
40
8.5/10
$1200/mo
City Pulse
The public transit system in Potomac is limited, but there are some stroller-friendly options, including the Ride On bus system and the Metro subway
- Great Falls Park
- Potomac River
- Cabin John Regional Park
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Potomac based on your household profile.
Local Briefing & Neighborhood Pulse
Live Local News
The town has strict zoning laws and regulations to preserve its rural character and protect the environment
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Potomac — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
In the summer, utility costs in Potomac can be high due to the need for air conditioning, with average electricity bills increasing by 20-30%. In the winter, heating costs can also be significant, with average gas bills increasing by 10-20%.
🏛️ Local Tax Details
The ZIP code 20854 has a property tax millage rate of 1.04, with no local surtaxes
👶 Family & Stroller Friendliness
8, with wide sidewalks, many parks, and easy access to public transportation, but some areas can be hilly and challenging to navigate with a stroller
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