Takoma Park, MD
Discover how far your salary goes in Takoma Park. Compare taxes, rent, and living costs.
17,629
5.8%
$1,638
/month
+17%
above avg
How far would your salary go in Takoma Park?
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Rent Prices in Takoma Park
Studio
$1,310
/month
$15,720/year
1 Bedroom
$1,638
/month
$19,656/year
2 Bedroom
$2,211
/month
$26,532/year
3 Bedroom
$2,867
/month
$34,404/year
Taxes in Maryland
State Income Tax
Maryland
For a $100k salary, that's ~$5,750/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Takoma Park, MD?▼
Takoma Park has a cost of living index of 146, which is 46% above the national average. A 1-bedroom apartment costs around $1,638/month.
What is the state income tax in Maryland?▼
Maryland has a state income tax rate of approximately 5.8%. This is in addition to federal income tax.
How much is rent in Takoma Park?▼
The median rent for a 1-bedroom apartment in Takoma Park is $1,638/month. For a 2-bedroom, expect to pay around $2,211/month. This is 17% above the national average.
Is Takoma Park a good place to live?▼
Takoma Park is a town with a population of 17,629. The cost of living is expensive, making it more expensive than average for the US.
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