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Apartments For Rent in Towson, MD

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Apartments for Rent in Towson, MD

The town of Towson, Maryland is home to approximately 59,000 residents. Young adults (15-24) will feel welcome, as they make up an above-average percentage of the community, while young professionals appear in smaller numbers. Overall, the city's residents, with an average age of just under 38, skew younger than most cities in Maryland. Renters tend to be in the minority in Towson, and 59% of residents own their homes. At $1,411 a month, the average rent is roughly equal to the state average.

Averaging about 29 minutes, Towson's commute time is quicker than the state average of about 36 minutes. Driving a vehicle is the most common mode of getting to work, selected by 40% of workers, while public transit is not widely used. Walking (3%) isn't a common means of commuting to work, though the number is higher than the national average.

Towson has a high percentage of residents over the age of 25 with advanced degrees compared to the national average (7%), as 15% have earned a Master's or a Doctoral degree. Furthermore, 19% have earned a Bachelor's degree, which also outpaces the national average. Workers are spread across a wide range of industries in Towson. The five most common are education, healthcare, scientific, retail, and entertainment. Combined, these industries make up 33% of the labor force in the city. Meanwhile, looking at job function, 8% of the city's population works in management, which ranks as the top field in the city. Towson workers earn an average annual income of around $97K, about the same as the state average. However, Towson compares more favorably to the national average of $73,345.