20716 Bowie, MD is an affluent city and is home to many prosperous businesses. Large companies such as NASA's Goddard Space Flight Center, Lockheed Martin, and General Dynamics are located in the area. The median two-bedroom rent in 20716 Bowie, MD is $1,920 which is higher than the national average of $1,430. Additionally, the local Grocery Cost Index is 108 versus 100 for the US on average. With its high standard of living and range of employment opportunities, 20716 Bowie is a popular choice for people looking to relocate in the area.
Bowie (zip 20716) has an unemployment rate of 6.3%. The US average is 6.0%.
Bowie (zip 20716) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Bowie (zip 20716)
- The Sales Tax Rate for Bowie (zip 20716) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bowie (zip 20716) 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 Bowie (zip 20716)
- The average income of a Bowie (zip 20716) resident is $40,598 a year. The US average is $28,555 a year.
- The Median household income of a Bowie (zip 20716) resident is $109,177 a year. The US average is $69,021 a year.