Montgomery County · Maryland · South · 18k residents
Takoma Park, MD: economy, jobs & business costs
The site-selection read on Takoma Park: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,853/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Takoma Park side by side
Avg. weekly wage
$1,853/wk
Corporate income tax
8.25%
Bachelor's degree or higher
61.7%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Takoma Park's economy is moving, ranked against the US cities we track.
10/100
Cooling
Ranks Takoma Park's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $749,200 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,239/mo |
| 2-bedroom rent | $1,650/mo |
| State & local income tax | 7.6% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,853/wk |
| Bachelor's degree or higher | 61.7% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 33.8/1k |
| Wage: Software developer | $154,930 |
| Wage: Registered nurse | $102,710 |
| Wage: General manager | $156,460 |
| Wage: Customer service | $46,220 |
| Wage: Warehouse worker | $37,870 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $75,930 |
| Wage: Retail salesperson | $36,610 |
| Cost of living index | 128 |
| Groceries index | 105 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,400/mo |
| Median household income | $108,136 |
| Unemployment rate | 2.8% |
| Population | 18k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 92/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 87°F |
| January low | 25°F |
| Annual snowfall | 16 in |
| Home price YoY | -1.2% |
| Home price MoM | -0.1% |
| Rent YoY | +0.7% |
| Rent MoM | -0.5% |
| Employment (jobs) YoY | -1.3% |
| Building permits YoY | — |
| Ocean coast | 105 mi |
| Big lake | 176 mi |
| Mountains | 79 mi |
| Major airport | 9 mi |
| Ski resort | 101 mi |
Popular comparisons
Nearby
- Langley Park, MD · 22k
- Chillum, MD · 35k
- Adelphi, MD · 17k
- Silver Spring, MD · 81k
- College Park, MD · 35k
Similar size
- Damascus, MD · 18k
- Calverton, MD · 18k
- Ferndale, MD · 18k
- Oxon Hill, MD · 18k
- White Oak, MD · 17k
Real listings in Takoma Park
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Takoma Park a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,853/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Takoma Park, MD?
- Takoma Park indexes at 128 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,650/mo and a acs median home value of $749,200.
- How much does a house cost in Takoma Park?
- The acs median home value in Takoma Park is $749,200 (Census ACS estimate; individual listings vary).
- How much is rent in Takoma Park?
- A two-bedroom in Takoma Park rents for about $1,650/mo.