Bowmans Addition, MD is a small but vibrant community located just outside Washington DC. It has a range of local businesses, from independent restaurants to larger retail stores. The cost of living in Bowmans Addtion is slightly lower than the national average, with an average rent for a two-bedroom apartment being $860 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Bowmans Addtion is 101 versus 100 in the US. Local businesses include shops like D&H Natural Market and El Poblano Mexican Restaurant as well as larger retailers like Target and Church's Chicken. These businesses provide employment opportunities for residents and contribute to the quality of life in Bowmans Addition by providing goods and services close to home. In addition to these business offerings, this community offers excellent outdoor activities such as fishing and boating in nearby Lake Kittamaqundi and other parks and trails nearby. Overall, Bowmans Addition is an affordable place to live with plenty of shopping options nearby while still offering its residents a great quality of life.
Bowmans Addition has an unemployment rate of 6.9%. The US average is 6.0%.
Bowmans Addition has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Bowmans Addition
- The Sales Tax Rate for Bowmans Addition is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bowmans Addition is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bowmans Addition
- The average income of a Bowmans Addition resident is $19,462 a year. The US average is $28,555 a year.
- The Median household income of a Bowmans Addition resident is $70,256 a year. The US average is $69,021 a year.