Cost of Living in Takoma Park, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
174.0
100 = national avg
+74.0 vs national average
Living Wage (1 Adult)
$76,568
per year
Living Wage (Family of 4)
$180,978
per year
Cost Index by Category
Housing251.9
Food124.8
Transportation121.2
Healthcare119.8
Utilities145.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Takoma Park is 174.0, which is 74.0% above the national average. Housing costs are above the national average at an index of 251.9. A single adult needs to earn approximately $76,568 per year to cover basic expenses.