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Takoma Park, MD Utility & Living Guide
Utilities, housing, taxes, cost of living, and local insights — everything residents and families need.
Monthly Utility Costs
$140/mo
$60/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1500/mo |
| 2 Bedrooms | $2000/mo |
| 3 Bedrooms | $2800/mo |
| Median Home Price | $440,000 |
| Property Tax Rate | 1.1% |
| Avg Childcare/mo | $1200 |
The housing market in Takoma Park is highly competitive, with a mix of older and newer homes, and a strong demand for rentals. The city has a range of housing options, from apartments to single-family homes. However, affordability can be a challenge, especially for first-time homebuyers.
Cost of Living
146
+20% above national average
105
90
95
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 1.1% |
| <p>State 6% + County 0% + City 0%</p> | |
Maryland has a progressive state income tax, with rates ranging from 4.75% to 5.75%. Takoma Park residents are also subject to federal income tax.
Family & Relocation
60
7.5/10
$1200/mo
City Pulse
The city has a relatively stroller-friendly public transit system, with accessible buses and a nearby Metro station.
- Takoma Park Library
- Sligo Creek Park
- and the Takoma Park Farmers Market
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Takoma Park based on your household profile.
📰 Live Local News
The City of Takoma Park has regulations in place to promote sustainability, including requirements for recycling and energy-efficient building practices.
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
Find Another City Guide
Search by city name or ZIP code to find utility costs, housing data and cost of living guides.
📊 Takoma Park — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Takoma Park tend to be higher in the summer due to air conditioning usage, with average electricity bills increasing by 20-30% during the summer months. In contrast, winter heating costs are relatively moderate, with natural gas prices averaging around $1.50 per therm.
🏛️ Local Tax Details
The ZIP code 20912 has a property tax millage rate of 1.04%, with no local surtaxes.
👶 Family & Stroller Friendliness
8/10, with wide sidewalks, accessible parks, and relatively flat terrain, making it easy to navigate with a stroller. However, some areas have limited elevator access in transit, which can be a challenge for families with strollers.
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