Bethesda, MD is a popular destination for those looking to rent a 2 bedroom apartment. The average monthly rent in Bethesda, MD is $2,530 per month, higher than the US average of $1,430 per month. This difference in price reflects the cost of living in Bethesda, which is higher than the US average due to its access to excellent local amenities and services. Grocery cost index for Bethesda is 119 versus 100 in the US.
In addition to having great rental opportunities, Bethesda offers plenty to do with plenty of recreational activities and well-known local companies such as Marriott International and Lockheed Martin Corporation located nearby. With its convenient location close to Washington D.C., Maryland Institute College of Art (MICA), and Johns Hopkins University, Bethesda also makes an ideal home for students and young professionals alike.
Bethesda (zip 20817) has an unemployment rate of 5.7%. The US average is 6.0%.
Bethesda (zip 20817) 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 Bethesda (zip 20817)
- The Sales Tax Rate for Bethesda (zip 20817) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bethesda (zip 20817) 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 Bethesda (zip 20817)
- The average income of a Bethesda (zip 20817) resident is $83,607 a year. The US average is $28,555 a year.
- The Median household income of a Bethesda (zip 20817) resident is $217,674 a year. The US average is $69,021 a year.