Zip 21244 (Milford Mill, MD) Economy


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21244 Milford Mill, MD is a great place to live for those who are looking for an affordable yet lively area to call home. The two bedroom rent in this area is only $1,620 which is $190 lower than the US average of $1,430. The local grocery cost index is 101 versus 100 in the US which demonstrates that groceries are only slightly more expensive here than in other parts of the US. There are several local companies nearby such as Zeta Industries, Inc., and Advanced Specialty Care LLC which provide quality and unique services. Additionally, there are many amenities available in the area including restaurants, shopping centers, parks, and entertainment venues providing plenty of opportunities to have fun. All in all, 21244 Milford Mill is an ideal destination for anyone looking to enjoy a lively atmosphere with affordable rent prices.

Milford Mill (zip 21244) has an unemployment rate of 6.0%. The US average is 6.0%.

Milford Mill (zip 21244) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Milford Mill (zip 21244)
- The Sales Tax Rate for Milford Mill (zip 21244) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Milford Mill (zip 21244) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Milford Mill (zip 21244)
- The average income of a Milford Mill (zip 21244) resident is $28,195 a year. The US average is $28,555 a year.
- The Median household income of a Milford Mill (zip 21244) resident is $72,999 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilford Mill, MarylandUnited States
  66
  -6.2%-6.2%
  30.1%33.5%
  6.0%6.2%
  7.6%4.6%
  $33,181$37,638
  $72,999$69,021
  $80,244$85,028
  Population by Occupation
  0.3%1.2%
  0.1%0.5%
  2.9%6.8%
  5.1%10.0%
  1.5%2.5%
  12.9%11.0%
  7.1%4.8%
  0.7%0.8%
  1.8%1.9%
  4.3%4.7%
  2.5%1.9%
  6.3%7.6%
  0.2%0.1%
  3.7%4.2%
  8.6%9.3%
  22.3%14.0%
  1.4%2.1%
  5.5%7.0%
  3.0%4.8%
  9.8%4.7%
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