Zip 21403 (Annapolis, MD) Economy


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21403 Annapolis, MD is a great location for those looking to rent a two bedroom apartment. The average 2 bedroom rent in this zip code is $2,020 per month, which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in 21403 is 106 versus 100 in the US, so residents can expect to spend more on their groceries when they move here.
In terms of local businesses and amenities, 21403 Annapolis has plenty to offer. There are many banks such as PNC Bank and M&T Bank that are located nearby for convenient banking services. Additionally, there are a number of universities in the area such as University of Maryland - College Park and Johns Hopkins University that provide excellent education options within close proximity. Finally, standout local stores like Ava’s Kitchen & Bar and Urban Bar-B-Que make this area a great place to live for foodies alike.

Annapolis (zip 21403) has an unemployment rate of 5.4%. The US average is 6.0%.

Annapolis (zip 21403) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Annapolis (zip 21403)
- The Sales Tax Rate for Annapolis (zip 21403) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Annapolis (zip 21403) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Annapolis (zip 21403)
- The average income of a Annapolis (zip 21403) resident is $61,287 a year. The US average is $37,638 a year.
- The Median household income of a Annapolis (zip 21403) resident is $98,684 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAnnapolis, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    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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