Zip 21231 (Baltimore, MD) Economy


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21231 Baltimore, MD is a residential area that offers affordable living costs and close proximity to amenities. The 2 bedroom rent in 21231 Baltimore, MD is $1,810 per month which is lower than the US average of $1,430 per month. Additionally, groceries are slightly more expensive in 21231 with a grocery cost index of 102 compared to the US average of 100. Businesses such as Old Line Bank and Lesner Gray Development LLC provide services to the local community. There are also many other retail stores and restaurants nearby for residents to enjoy.

Baltimore (zip 21231) has an unemployment rate of 7.9%. The US average is 6.0%.

Baltimore (zip 21231) 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 21231)
- The Sales Tax Rate for Baltimore (zip 21231) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore (zip 21231) 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 21231)
- The average income of a Baltimore (zip 21231) resident is $37,595 a year. The US average is $28,555 a year.
- The Median household income of a Baltimore (zip 21231) resident is $73,089 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%
  $53,895$37,638
  $73,089$69,021
  $105,686$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  3.8%6.8%
  5.8%10.0%
  0.3%2.5%
  4.0%11.0%
  2.2%4.8%
  0.3%0.8%
  2.3%1.9%
  9.0%4.7%
  2.2%1.9%
  16.1%7.6%
  0.0%0.1%
  2.8%4.2%
  14.5%9.3%
  22.6%14.0%
  1.3%2.1%
  4.4%7.0%
  3.3%4.8%
  4.7%4.7%
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