20762 Andrews AFB, MD is an attractive place to live with good employment opportunities and a relatively low cost of living. The 2 bedroom rent for this area is $2,500 per month which is considerably higher than the US average of $1,430 per month. However the grocery cost index in 20762 Andrews AFB, MD is 107 versus 100 in the US, so groceries are not more expensive than other places. There are several local companies such as Lockheed Martin, Federal Aviation Administration, Siemens Government Technologies Inc., and Northrop Grumman Corporation offering good quality job opportunities. All these make 20762 Andrews AFB an ideal place to reside with easy access to transportation and resources in the area.
Andrews AFB (zip 20762) has an unemployment rate of 7.8%. The US average is 6.0%.
Andrews AFB (zip 20762) 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 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Andrews AFB (zip 20762)
- The Sales Tax Rate for Andrews AFB (zip 20762) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Andrews AFB (zip 20762) 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 Andrews AFB (zip 20762)
- The average income of a Andrews AFB (zip 20762) resident is $23,354 a year. The US average is $28,555 a year.
- The Median household income of a Andrews AFB (zip 20762) resident is $79,837 a year. The US average is $69,021 a year.