Friendship Heights Village is a vibrant community located in Montgomery County, Maryland. It offers its residents a host of amenities and attractions that make it an ideal place to live, work, and play. The locality is home to several well-known companies including Bethesda Magazine, The Enclave at Chevy Chase Circle, and the Friendship Heights Village Center. With an average 2 bedroom rent of $2,450 compared to $1,430 in the US overall , living in Friendship Heights Village can be more expensive than elsewhere in the country. Furthermore, grocery cost index here is 119 versus 100 in the US making food items significantly pricier as well. Despite this additional cost of living factor, many people still choose to reside here due to its excellent quality of life offerings such as close proximity to Washington D.C., exemplary schools and parks as well as numerous shopping and dining options that one would expect from such a sought after locality.
Friendship Heights Village has an unemployment rate of 5.7%. The US average is 6.0%.
Friendship Heights Village 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 Friendship Heights Village
- The Sales Tax Rate for Friendship Heights Village is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Friendship Heights Village 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 Friendship Heights Village
- The average income of a Friendship Heights Village resident is $74,706 a year. The US average is $28,555 a year.
- The Median household income of a Friendship Heights Village resident is $120,125 a year. The US average is $69,021 a year.