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Cost of Living in North Potomac, MD

Population 23,922 · Census ACS 2020–2024 5-year estimates

Median rent$2,413
Median home value$826,200
Median household income$186,514

The median rent in North Potomac, MD is $2,413/month, 42% higher than the Maryland median and 71% higher than the U.S. median. The median home value is $826,200, 148% higher than the national median. Households earn a median of $186,514 a year, 80% higher than the state median.

Affordability

Rent as a share of median income: 15.5%
Income needed for median rent (30% rule): $96,520/yr
Home price-to-income ratio: 4.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $4,178/mo

Run your own numbers: mortgage calculator · hourly to salary

North Potomac vs. Maryland vs. U.S.

North PotomacMarylandU.S.
Median rent$2,413$1,705$1,413
Median home value$826,200$419,900$332,700
Median household income$186,514$103,678$80,734
Homeownership rate82.9%67.6%65.2%
Bachelor's degree or higher77.2%43.4%35.7%
Poverty rate5.3%9.4%12.5%
Unemployment rate4.2%4.9%5.2%
Work from home39.3%19.3%15.1%
Median age46.539.438.9

FAQ

What is the average rent in North Potomac, MD?

The median gross rent in North Potomac, MD is $2,413 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in North Potomac, MD?

Using the common 30% rule, renting a median-priced home takes about $96,520 a year in gross income.

Is North Potomac, MD expensive to live in?

Rent there is 71% higher than the U.S. median, and the median home costs about 4.4 times the median household income.

Other cities in Maryland

Baltimore, MDRent $1,331 · Income $62,177Columbia, MDRent $2,042 · Income $131,490Germantown, MDRent $2,040 · Income $117,546Frederick, MDRent $1,764 · Income $97,069Waldorf, MDRent $1,995 · Income $116,089Silver Spring, MDRent $1,913 · Income $99,860

Cities with a similar cost of living

Summit, NJRent $2,430 · Income $190,304Newton, MARent $2,370 · Income $190,304Buckhall, VARent $2,478 · Income $180,021Belmont, MARent $2,527 · Income $183,137Union Hill-Novelty Hill, WARent $2,556 · Income $185,369North Tustin, CARent $2,462 · Income $177,351

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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