Bethesda, MD is a bustling suburb located just outside of Washington, D.C. The median rent for a two-bedroom apartment in Bethesda is $2,500 compared to the national average of $1,430, according to Apartment Guide. Additionally, the area has a Grocery Cost Index of 119 compared to the US average of 100. Bethesda offers many great local businesses ranging from restaurants to retail stores. For example, Capital Teas Bethesda boasts an impressive 4.5/5 star rating on Google reviews for their large selection of premium teas and tea accessories. Another popular destination is the International Bazaar which is rated 4/5 stars by Yelp reviewers for its eclectic selection of items from around the world. In sum, Bethesda offers plenty of unique local businesses with excellent ratings that appeal to all tastes and budgets.
Bethesda (zip 20816) has an unemployment rate of 5.7%. The US average is 6.0%.
Bethesda (zip 20816) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Bethesda (zip 20816)
- The Sales Tax Rate for Bethesda (zip 20816) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bethesda (zip 20816) 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 Bethesda (zip 20816)
- The average income of a Bethesda (zip 20816) resident is $92,742 a year. The US average is $28,555 a year.
- The Median household income of a Bethesda (zip 20816) resident is $213,828 a year. The US average is $69,021 a year.