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Towson, MD Utility & Living Guide
Living in Towson, MD offers a unique blend of small-town charm and big-city amenities just outside of Baltimore
Monthly Utility Costs
$140/mo
$60/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1400/mo |
| 2 Bedrooms | $1800/mo |
| 3 Bedrooms | $2400/mo |
| Median Home Price | $340,000 |
| Property Tax Rate | 1.1% |
| Avg Childcare/mo | $1200 |
The housing market in Towson is highly competitive, with a mix of older and newer homes, and a strong demand for rentals. The area is popular with families and young professionals. Home prices have been steadily increasing in recent years.
Cost of Living
110
+10% above national average
105
100
102
$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%
Family & Relocation
55
7.5/10
$1200/mo
City Pulse
Towson has a relatively stroller-friendly public transit system, with accessible buses and a downtown area that is easy to navigate on foot
- Towson Town Center
- Goucher College
- and the Towson Library
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Towson based on your household profile.
Local Briefing & Neighborhood Pulse
Live Local News
Towson has regulations regarding zoning, noise, and parking, and residents are required to obtain permits for certain home improvements
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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📊 Towson — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Towson tend to be higher in the summer due to air conditioning usage, with average electric bills increasing by 20-30% during the summer months. In the winter, natural gas bills may increase by 10-20% due to heating usage.
🏛️ Local Tax Details
The ZIP code 21204 has a property tax millage rate of 1.12, with no local surtaxes
👶 Family & Stroller Friendliness
8/10, with wide sidewalks, accessible parks, and family-friendly infrastructure, although some areas may have limited elevator access in transit
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