Potomac is a mid-sized city located in the state of Maryland. The city has a population of 45,882 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (73% White). Given that fact, Potomac could be considered less diverse than other cities. Potomac is known to be family friendly as more than 90% of the population has already tied the knot. It might also be worth noting that 56% of residents also have children under the age of 18.
Living in Potomac can be a good experience for anyone relocating to the area. Having said that, in the state of Maryland, there are many incredible places to live, so choose wisely! The best areas in Potomac and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Maryland and national averages.
Potomac has a livability score of 69/100 and is ranked #124 in Maryland and #11,592 in the USA. If we dig a little deeper into each category within the livability score, we see that Potomac has higher than average rankings for the following: amenities (B-), crime (A), education (A+) and employment (A+). Potomac does not fare well for the following: cost of living (F) and housing (F). It might be wise to take a closer look at each category to find out why.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Potomac have a test score average of 78%, which is well above the US average.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Potomac is actually affordable. Median real estate prices in Potomac come in at $889,100, which is 206.2% higher than the Maryland average. The home price to income ratio compares the median home prices to the median household income. In Potomac, the home price to income ratio is 4.9, which is 28.9% higher than the Maryland average. Year over year appreciation rates for homes in the Potomac area were 1.3% and the 5 year appreciation rates came in at 1.4%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.
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