Pros and Cons of Living In Potomac, Maryland. Is Potomac, MD a Nice Place To Live or Retire?

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Potomac, Maryland

Moving to Potomac In Maryland ? Is Potomac, MD a Nice Place To Live? Pros and Cons of Living in Potomac, Maryland. Find out the best and worst about to live, raise a family or retire in Potomac.

Potomac () is an unincorporated community and census-designated place in Montgomery County, Maryland, United States. As of the 2020 census, it had a population of 47,018. It is named after the nearby Potomac River. A part of the Washington metropolitan area, many Potomac residents work in nearby Washington, D.C., and Northern Virginia.

DEMOGRAPHICS

Population
46256
Unemployment
4%
15% NAT AVG.
Poverty
3.8%
73% NAT AVG.
Cost Of Living
198
98% NAT AVG.

ECONOMICS

Median Home Cost
$905800
294% NAT AVG.
Median Income
$189729
181% NAT AVG.
Median Rent
$2024
74% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 26
Unemployed People
1 in 25
People Earning < $10,000
1 in 33
People Earning < $50,000
11.7%
People With Any Degree
1 in 1.2

ETHNICITY

Ethnicity Potomac USA
White 60.6% 60.1%
African American 5.1% 12.2%
American Indian 0% 0.6%
Asian 20.8% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3% 2.8%
Hispanic 9.6% 18.2%
Other 0.8% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Potomac USA
Less than $10,000 3% 5.8%
$10,000 to $14,999 0.8% 4.1%
$15,000 to $24,999 1.8% 8.5%
$25,000 to $34,999 2.5% 8.6%
$35,000 to $49,999 3.6% 12.0%
$50,000 to $74,999 8% 17.2%
$75,000 to $99,999 5.9% 12.8%
$100,000 to $149,999 13% 15.6%
$150,000 to $199,999 13.5% 7.1%

EDUCATION

Education Potomac USA
< 9th Grade 2% 5.0%
9-12th Grade 1% 7.0%
High School or GED 5% 27.0%
Other College 7% 20.0%
Associate's Degree 3% 9%
Bachelor's Degree 30% 20.0%
Master's Degree 26% 9.0%
Professional Degree 15% 2.0%
Doctorate Degree 11% 1.0%
Potomac is a city in Maryland state in USA with a population of 46256 residents.. The poverty rate of Potomac is 3.8%, which is 73% lower than national average. The typical household in Potomac earns $189729 a year, compared to the national median of $67,500. Nearly 11.7% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Potomac remained 4%, which is 15% lower than national rate.

Cost of living in Potomac is 198, which is 98% higher than national average. In Potomac, only 82% of adults have a bachelor's degree and 10% have some college but no degree. Median home value in Potomac is $905800 , which is 294% higher than national average. While median income in Potomac remained $189729, which is 181% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Potomac Scorecard

Jobs85%

Housing100%

Affordability80%

Safety85%

Amenities85%

Diversity90%

Education95%

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