Zip 21703 (Ballenger Creek, MD) Economy


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21703 Ballenger Creek, MD is a wonderful place to live and work. Home to several local businesses, including The Green Turtle Sports Bar & Grille, Chipotle Mexican Grill, and Go Fish! Seafood Restaurant & Market, the area offers plenty of dining and shopping opportunities. The two bedroom rent in this area is $1,680 which is slightly above the US average of $1,430 per month. The Grocery Cost Index for 21703 Ballenger Creek is 107 which means it is slightly more expensive than the national average of 100. All in all, 21703 Ballenger Creek provides residents with an excellent quality of life at a relatively affordable price.

Ballenger Creek (zip 21703) has an unemployment rate of 4.9%. The US average is 6.0%.

Ballenger Creek (zip 21703) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Ballenger Creek (zip 21703)
- The Sales Tax Rate for Ballenger Creek (zip 21703) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ballenger Creek (zip 21703) is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Ballenger Creek (zip 21703)
- The average income of a Ballenger Creek (zip 21703) resident is $39,779 a year. The US average is $37,638 a year.
- The Median household income of a Ballenger Creek (zip 21703) resident is $96,906 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBallenger Creek, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    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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