Bethesda, MD is a well-known residential and commercial district located just outside of Washington, DC. Home to countless businesses and institutions, Bethesda is an attractive destination for many professionals. The median rent for two bedroom apartments in Bethesda is $2,340 compared to the national median of $1,430. Additionally, the Grocery Cost Index in Bethesda is 118 versus 100 nationally. As such, living in Bethesda can be relatively expensive compared to other areas.
Some of the well-known companies located in Bethesda include Marriott International, Lockheed Martin Corporation, Legg Mason Inc., Host Hotels & Resorts Inc., and CoStar Group Inc.. There are also numerous government offices such as NIH (National Institutes of Health), NRC (Nuclear Regulatory Commission), and OFCCP (Office of Federal Contract Compliance Programs). It's no wonder why so many people flock to Bethesda seeking employment opportunities and a place to call home.
Bethesda has an unemployment rate of 5.7%. The US average is 6.0%.
Bethesda has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Bethesda
- The Sales Tax Rate for Bethesda is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bethesda is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bethesda
- The average income of a Bethesda resident is $86,014 a year. The US average is $28,555 a year.
- The Median household income of a Bethesda resident is $178,370 a year. The US average is $69,021 a year.