North Bethesda, MD is a popular suburb of Washington DC known for its flourishing economy and diverse population. It has an average 2 bedroom rent of $2,260 which is higher than the US average of $1,430. The grocery cost index in North Bethesda is also 112 compared to the national average of 100. The city is home to many large businesses such as Marriott International and Lockheed Martin. Additionally there are dozens of restaurants and shops located throughout the city. North Bethesda is also conveniently located near other top attractions in DC such as museums, monuments, and galleries. For these reasons it's no surprise that more and more people are choosing to make North Bethesda their home.
North Bethesda has an unemployment rate of 5.7%. The US average is 6.0%.
North 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 North Bethesda
- The Sales Tax Rate for North Bethesda is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North 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 North Bethesda
- The average income of a North Bethesda resident is $58,919 a year. The US average is $28,555 a year.
- The Median household income of a North Bethesda resident is $120,261 a year. The US average is $69,021 a year.