Zip 21874 (Willards, MD) Economy


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Willards, Maryland is a small town located in Wicomico County with a population of 21874. It is known for its affordability, with 2 bedroom rent costing $1,180 compared to the US average of $1,430. Not only this, but groceries are also cheaper here than in the rest of the country due to the grocery cost index which stands at 105 versus 100 in the US. Those looking to move to Willards will find plenty of options when it comes to local companies. For example, there is L&A Construction that specializes in roofing and siding work, or Silcox Financial Services which provides tax and bookkeeping services. There’s also Mary's Seafood Market specializing in fresh-caught seafood for those looking for a culinary experience. All these companies put Willards on the map as an attractive destination for both families and businesses alike.

Willards (zip 21874) has an unemployment rate of 6.6%. The US average is 6.0%.

Willards (zip 21874) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Willards (zip 21874)
- The Sales Tax Rate for Willards (zip 21874) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Willards (zip 21874) 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 Willards (zip 21874)
- The average income of a Willards (zip 21874) resident is $28,204 a year. The US average is $28,555 a year.
- The Median household income of a Willards (zip 21874) resident is $66,447 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWillards, MarylandUnited States
  6.66
  -6.7%-6.2%
  28.0%33.5%
  6.0%6.2%
  8.0%4.6%
  $22,204$37,638
  $66,447$69,021
  $70,950$85,028
  Population by Occupation
  2.7%1.2%
  0.0%0.5%
  11.8%6.8%
  4.2%10.0%
  0.4%2.5%
  13.3%11.0%
  2.6%4.8%
  0.0%0.8%
  0.3%1.9%
  3.1%4.7%
  2.6%1.9%
  2.7%7.6%
  0.0%0.1%
  4.8%4.2%
  10.2%9.3%
  10.2%14.0%
  4.5%2.1%
  7.1%7.0%
  15.7%4.8%
  3.9%4.7%
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