F
Overall 73%
Goods & Services 12%
Housing 214%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexTakoma ParkWashingtonDistrict of Columbia
Cost of living173152152
Goods & Services112122122
Groceries122116116
Health care889393
Housing314235235
Transportation114108108
Utilities112116116

Key findings

  • The cost of living in Takoma Park is 14% higher than the Washington average
  • The cost of living in Takoma Park is 73% higher than the national average
  • Takoma Park housing is 214% higher than the national average
  • District of Columbia general sales tax is 13% higher than the national average
  • District of Columbia state income tax is 80% higher than the national average

Most Affordable Places to Live in and Around Takoma Park

See all the best places to live around Takoma Park

Compare Washington, DC Cost of Living

      vs
      How would you rate the cost of living in Takoma Park?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Takoma Park?
      Write a review to give others more information about this area.
      See all Takoma Park poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Household$154,600$12,883$3,607$4,638

      District of Columbia Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      District of Columbia5.75%5.75%

      District of Columbia Income Tax

      StateIncome Tax (Low)Income Tax (High)
      District of Columbia4%8.95%

      Goods & Services

      ItemWashingtonNational avg.Difference
      Haircut $23.96$17.4937.0%
      Beauty Salon $63.61$38.1766.6%
      Toothpaste $3.05$2.3231.4%
      Shampoo $1.35$1.0133.4%
      Movie $13.92$10.7229.8%
      Bowling $20.61$13.8648.7%

      Groceries

      ItemWashingtonNational avg.Difference
      Ground Beef $4.49$3.9015.1%
      Fried Chicken $1.76$1.4026.1%
      Milk $2.45$1.9624.9%
      Potatoes $4.51$3.1841.7%
      Pizza $11.06$10.396.4%
      Beer $10.26$9.2311.2%

      Health Care

      ItemWashingtonNational avg.Difference
      Optometrist $79.25$106.3425.5%
      Doctor $109.41$115.255.1%
      Dentist $94.14$98.384.3%
      Ibuprofen $10.29$9.2611.1%
      Lipitor $402.41$466.4713.7%

      Housing

      ItemWashingtonNational avg.Difference
      Home Price $506,100.00$184,700.00174.0%
      Avg. Mortgage Payment $3,689.97$1,273.32189.8%
      Apartment Rent $1,362.00$949.0043.5%

      Transportation

      ItemWashingtonNational avg.Difference
      Gasoline $2.82$2.598.8%
      Tire Balancing $53.69$48.909.8%

      Utilities

      ItemWashingtonNational avg.Difference
      All Electricity$214.22$167.6027.8%
      Phone $181.68$163.4211.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Rose Hill CDP (Lee County), VA70891-9%
      Wakefield town, VA81098-2%
      Belle Haven town, VA5621011%
      Cottage City, MD1,2091099%
      Silver Hill, MD4,80211212%
      Washington, DC659,00915252%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Boston, MA658,27914545%
      Memphis, TN655,85779-21%
      Denver, CO663,30311414%
      Seattle, WA668,84915858%
      Nashville, TN643,77195-5%
      Washington, DC659,00915252%
      Source: The Takoma Park, Washington, DC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.