20612 Benedict, MD is an ideal location to live because of the lower cost of living than the US average. The two bedroom rent for this area is $1,300 compared to the US average of $1,430. This means that residents in 20612 Benedict can save money on rent. Additionally, grocery cost index in 20612 Benedict is 108 versus 100 in the US, which gives residents access to more affordable groceries.
Local businesses near 20612 Benedict include HotShots Bar & Grill (sports bar and restaurant), Annmarie Garden (sculpture garden and art gallery), Calvert Brewing Co. (brewery and taproom), and Brent & Becky’s Bulbs (flower bulb nursery). These businesses provide ample opportunities for locals to enjoy their time off or even find employment in a wide range of industries.
Benedict (zip 20612) has an unemployment rate of 5.9%. The US average is 6.0%.
Benedict (zip 20612) 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Benedict (zip 20612)
- The Sales Tax Rate for Benedict (zip 20612) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benedict (zip 20612) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Benedict (zip 20612)
- The average income of a Benedict (zip 20612) resident is $24,776 a year. The US average is $37,638 a year.
- The Median household income of a Benedict (zip 20612) resident is $0 a year. The US average is $69,021 a year.