Glen Echo, MD is a small suburban town located in Montgomery County. It is home to several small businesses including the Glen Echo Park Partnership for Arts and Culture, the Glen Echo Garden Center, and the Autohaus Bethesda car dealership. Although it is a small community, it has a lot to offer its residents with an array of activities such as bike trails, kayaking/canoeing on the Potomac River, and various cultural festivals. The 2 bedroom rent in Glen Echo is significantly higher than the US average at $2,570 compared to $1,430. Additionally, the Grocery Cost Index in Glen Echo is much higher than that of the US at 119 versus 100 respectively. Despite these higher costs, Glen Echo offers more amenities and activities than most other cities which could make it worth considering for potential residents looking for an enjoyable place to live.
Glen Echo has an unemployment rate of 5.7%. The US average is 6.0%.
Glen Echo 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 Glen Echo
- The Sales Tax Rate for Glen Echo is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Glen Echo 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 Glen Echo
- The average income of a Glen Echo resident is $65,636 a year. The US average is $28,555 a year.
- The Median household income of a Glen Echo resident is $131,250 a year. The US average is $69,021 a year.