Zip 20606 (Abell, MD) Economy


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20606 Abell, MD is a small area in Montgomery County located near the city of Gaithersburg. It offers an affordable living option with two-bedroom rent in the area averaging to $1,600 compared to the US average of $1,430. In addition to an affordable housing market, 20606 Abell also has a local grocery cost index of 107, which is higher than the US index of 100. The area is home to various businesses such as Jack & Jill Grocery store and Johnson's Bakery with prices that are slightly more expensive than those found elsewhere but still within reach for most residents. Shopping at Jack & Jill Grocery store will cost about $30 for necessary items while Johnson's Bakery offers freshly made treats and baked goods starting at around $10 per item.

Abell (zip 20606) has an unemployment rate of 4.3%. The US average is 6.0%.

Abell (zip 20606) has seen the job market decrease by -1.6% 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 Abell (zip 20606)
- The Sales Tax Rate for Abell (zip 20606) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Abell (zip 20606) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Abell (zip 20606)
- The average income of a Abell (zip 20606) resident is $59,208 a year. The US average is $37,638 a year.
- The Median household income of a Abell (zip 20606) resident is $101,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAbell, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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