Zip 21229 (Baltimore, MD) Economy


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21229 Baltimore, MD is an ideal place for small families looking to experience the city life. With a two-bedroom rent of only $1,230 per month, it is much cheaper than the US average of $1,430. Additionally, grocery cost index in 21229 is 98 compared to the 100 national average, making it more affordable for residents to enjoy their local restaurants and grocery stores.
Residents in 21229 have plenty of entertainment options as well. Local companies such as Blackwater Distilling offer delicious spirits and food while Stray Catz Rescue offers pet adoptions. Families can also explore and enjoy outdoor activities like biking and hiking at the Patapsco Valley State Park or test their skills on an escape room mission at EscapeMasters Baltimore.

Baltimore (zip 21229) has an unemployment rate of 7.9%. The US average is 6.0%.

Baltimore (zip 21229) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.

Tax Rates for Baltimore (zip 21229)
- The Sales Tax Rate for Baltimore (zip 21229) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore (zip 21229) 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 Baltimore (zip 21229)
- The average income of a Baltimore (zip 21229) resident is $22,153 a year. The US average is $28,555 a year.
- The Median household income of a Baltimore (zip 21229) resident is $48,725 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBaltimore, MarylandUnited States
  7.96
  -6.2%-6.2%
  25.1%33.5%
  6.0%6.2%
  8.0%4.6%
  $27,277$37,638
  $48,725$69,021
  $59,688$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  5.5%6.8%
  4.5%10.0%
  2.0%2.5%
  12.3%11.0%
  8.4%4.8%
  0.8%0.8%
  1.4%1.9%
  2.6%4.7%
  2.3%1.9%
  6.1%7.6%
  0.1%0.1%
  6.0%4.2%
  7.5%9.3%
  18.2%14.0%
  1.4%2.1%
  5.7%7.0%
  4.4%4.8%
  10.7%4.7%
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