Hagerstown, MD vs Takoma Park, MD

The cost of living difference between Hagerstown, MD and Takoma Park, MD is dramatic. Hagerstown is 41.3% cheaper than Takoma Park, a gap that translates to thousands of dollars per year in household expenses. Hagerstown has a cost index of 82 while Takoma Park sits at 140, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Hagerstown is $1,041/month compared to $1,388/month in Takoma Park — a 25% difference. Home values follow the same pattern: Hagerstown is more affordable at $207,700 median vs $721,500.

Median household income in Hagerstown is $49,957 compared to $97,872 in Takoma Park (-49%). While Takoma Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hagerstown spend roughly 25% of their income on rent, more than the 17% in Takoma Park.

Climate-wise, Takoma Park is notably warmer with an average of 59.3°F compared to 55.4°F in Hagerstown. Takoma Park receives more rainfall at 41.8" per year compared to 35.6" in Hagerstown.