Cost of Living in Potomac Park, MD

With a cost of living index of 75, Potomac Park, MD is a very affordable place to live. Living here is 25% cheaper than the national average and 44% below the Maryland state average of 119. Potomac Park is a small community of 974 residents.

Housing costs are the biggest factor in Potomac Park's cost of living. The median monthly rent is $943 (29% below the US median of $1,319), and the median home value sits at $122,600 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Potomac Park is $49,330, which is 34% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Potomac Park. The area sees an average annual temperature of 54.1°F, with summers averaging 74°F and winters around 34°F. Annual rainfall totals 39 inches spread over roughly 121 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.