21286 Towson, MD is a great choice for those looking to experience the unique culture of Maryland while still having access to city amenities. It's located just outside of Baltimore and is home to many major companies like Under Armour, McCormick & Co., and Black & Decker. The cost of living in 21286 Towson, MD is slightly higher than the US average, with two bedroom rent prices sitting at $1,550 as compared to the US average of $1,430. Grocery costs are also higher; with an index score of 104 versus 100 for the US average. All in all, 21286 Towson is a great place to live thanks to its close proximity to Baltimore and its many local job opportunities.
Towson (zip 21286) has an unemployment rate of 6.0%. The US average is 6.0%.
Towson (zip 21286) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Towson (zip 21286)
- The Sales Tax Rate for Towson (zip 21286) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Towson (zip 21286) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Towson (zip 21286)
- The average income of a Towson (zip 21286) resident is $39,189 a year. The US average is $28,555 a year.
- The Median household income of a Towson (zip 21286) resident is $89,417 a year. The US average is $69,021 a year.