Takoma Park Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Takoma Park, Maryland? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Takoma Park, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

Median Household Income

According to the latest ACS 5-year survey in 2020, the median household income in Takoma Park is $83,919.00.

The chart below shows the average household income by age in Takoma Park.

  • Under 25
    $37,167.00
  • 25 to 44
    $84,804.00
  • 45 to 64
    $92,554.00
  • 65 and over
    $58,237.00

Average Household Income

A very commonly asked question is "what is the average household income in Takoma Park, Maryland?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Takoma Park is $120,746.00.

20.41% of households in Takoma Park, Maryland are classed as high income households (making $200,000+ per year).

The difference between a median and an average income

The difference between a median and mean household income is that the median income is the middle point of the set of numbers whereas the mean income is an average of all numbers.

Both metrics are important when looking at the income statistics for Takoma Park but because the median value doesn't depend on other numbers in the dataset, it doesn't change as much when some of the values are extremely low or extremely high.

Household Income Tiers for Takoma Park

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Takoma Park, Maryland easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

  • Less than $24,999
    14.26%
  • $25,000 to $49,999
    17.36%
  • $50,000 to $74,999
    13.88%
  • $75,000 to $99,999
    12.00%
  • $100,000 to $149,999
    14.07%
  • $150,000 to $199,999
    8.02%
  • $200,000 or more
    20.41%

Per Capita Income

The per capita income is the average income of all people in Takoma Park, Maryland. This is calculated by dividing the total income of all people in Takoma Park by the total number of people in Takoma Park.

It differs from the average or mean household income because it includes all people in Takoma Park and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Takoma Park, Maryland is $46,450.00.

Population in Takoma Park by Race and Ethnicity

The total population in Takoma Park is currently 17,703 people.

The race and ethnicity of the population in Takoma Park can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Takoma Park, Maryland.

  • 43.80% White
    7,762
  • 35.40% Black/African American
    6,272
  • 0.20% Native
    43
  • 11.40% Hispanic
    2,012
  • 4.70% Asian
    830
  • 0.00% Hawaiian/Pacific Islander
    0
  • 4.30% Two or more races
    767
  • 0.10% Other
    17

Population of Takoma Park by Age and Gender

Another very important demographics statistic for Takoma Park, Maryland is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Age Group Male Female
0 to 9 Years 1,384 1,401
10 to 19 Years 1,257 1,048
20 to 29 Years 760 848
30 to 39 Years 996 1,327
40 to 49 Years 1,302 1,658
50 to 59 Years 1,123 1,068
60 to 69 Years 1,080 1,254
70 Years and over 551 646

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Takoma Park, Maryland.

  • Master's degree or higher
    36.51%
  • Bachelor's degree
    33.22%
  • Some college or associate's degree
    3.81%
  • High school diploma or equivalent
    21.95%
  • Less than high school diploma
    4.52%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Takoma Park because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Takoma Park look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Takoma Park, Maryland that are over the age of 16.

The current population in Takoma Park that are over the age of 16 is 13,445 people.

The unemployment rate in Takoma Park is 26.30%, which means 3,541 people are unemployed.

Median Age in Takoma Park

The median age is an interesting metric because it gives us an idea of the age distribution of people in Takoma Park, Maryland. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Takoma Park is 39.3 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Takoma Park

39.3

Total

38.5

Male

40

Female

Households and Families

There are a total of 6,619 households in Takoma Park, and the average household size is 2.62 people.

For families, the total number is 4,261, and the average family size is 3.23 people.

4.90% of those families in Takoma Park, Maryland are living below the poverty line.

The table below shows the poverty thresholds for Takoma Park in 2022.

Household Size Poverty Threshold
1 Person $13,590.00
2 People $18,310.00
3 People $23,030.00
4 People $27,750.00
5 People $32,470.00
6 People $37,190.00
7 People $41,910.00
8 People $46,630.00

Please note that the poverty thresholds shown above are from 2022, while the latest demographics data we have is from 2020.

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

  • Married-couple
  • Male householder, no spouse present
  • Female householder, no spouse present
  • Nonfamily household

In the table below, you can see the total households and families in Takoma Park, Maryland for each type, as well as the average sizes.

Married Male Female Nonfamily
Total Households 3,082 349 830 2,358
Average Household Size 3.44 3.17 3.08 1.29
Total Families 3,082 349 830 0
Average Household Size 3.38 2.86 2.84 0

Housing Data in Takoma Park

There are total of 6,792 housing units in Takoma Park, Maryland. Of those units, 6,619 (97.45%) are occupied, and 173 (2.55%) are vacant.

Rental Rates

Of the 6,792 housing units in Takoma Park, 3,146 (46.32%) are occupied by renters. The median rent paid by renters is $1,156.00.

Owner occupied housing units make up the remaining 50.06% of housing units, with 3,400 housing units in total.

The table below breaks down how much rent is paid by renters in Takoma Park, Maryland.

  • No rent paid
    73
  • Less than $500
    269
  • $500 to $999
    631
  • $1,000 to $1,499
    1,652
  • $1,500 to $1,999
    373
  • $2,000 to $2,499
    96
  • $2,500 to $2,999
    34
  • $3,000 or more
    91

Property Values

The median value of a property in Takoma Park is $611,400.00.

The table below breaks down the range of valuations for all properties in Takoma Park.

  • Less than $50,000
    7
  • $50,000 to $99,999
    14
  • $100,000 to $149,999
    62
  • $150,000 to $199,999
    72
  • $200,000 to $299,999
    250
  • $300,000 to $499,999
    663
  • $500,000 to $999,999
    2,153
  • $1,000,000 or more
    179

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Takoma Park, Maryland.

  • 1939 or earlier
    1,988
  • 1940 to 1949
    1,313
  • 1950 to 1959
    1,326
  • 1960 to 1969
    1,034
  • 1970 to 1979
    574
  • 1980 to 1989
    265
  • 1990 to 1999
    151
  • 2000 to 2009
    82
  • 2010 to 2013
    53
  • 2014 or later
    6

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Takoma Park has. The table below breaks down the number of vehicles available per household.

  • No vehicles available
    998
  • 1 vehicle available
    2,871
  • 2 vehicles available
    2,117
  • 3 or more vehicles available
    633

Commuting to Work in Takoma Park

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Takoma Park, Maryland, how they commute, and how that correlates to other data points.

The average travel time is 35 minutes, and the chart below covers the range of travel times across the population of Takoma Park.

  • Less than 5 minutes
    185
  • 5 to 9 minutes
    183
  • 10 to 14 minutes
    391
  • 15 to 19 minutes
    639
  • 20 to 24 minutes
    765
  • 25 to 29 minutes
    702
  • 30 to 34 minutes
    1,231
  • 35 to 39 minutes
    428
  • 40 to 44 minutes
    785
  • 45 to 59 minutes
    1,733
  • 60 to 89 minutes
    921
  • 90 or more minutes
    165

We can also look at the means of transport in Takoma Park to see which modes of transport people are using to commute to work.

  • Drove alone
    4,765
  • Carpooled
    554
  • Public transportation
    2,089
  • Walked
    410
  • Other means
    310
  • Worked from home
    1,042

Conclusion

Hopefully this article has given you the demographics data you were looking for in Takoma Park, Maryland.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Takoma Park.

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  • "Takoma Park Average Income, Population and Demographics". NameCensus.com. Accessed on November 30, 2022. https://namecensus.com/demographics/maryland/montgomery-county/takoma-park/.

  • "Takoma Park Average Income, Population and Demographics". NameCensus.com, https://namecensus.com/demographics/maryland/montgomery-county/takoma-park/. Accessed 30 November, 2022

  • Takoma Park Average Income, Population and Demographics. NameCensus.com. Retrieved from https://namecensus.com/demographics/maryland/montgomery-county/takoma-park/.