The 20866 Burtonsville, MD area is an expensive place to live. The average rent for a two bedroom apartment is $1,970 which is nearly 40% higher than the US average of $1,430. Other expenses like groceries are also more expensive with a Grocery Cost Index of 108 compared to the national average of 100. This increased cost of living can be attributed to numerous factors such as the close proximity to Washington DC and its many attractions including picturesque views and historic sites as well as nearby employment opportunities in government agencies or private companies such as Lockheed Martin, Northrop Grumman, and American Systems Corporation. Additionally, there are plenty of shopping centers, restaurants, and entertainment venues that attract people from surrounding areas. All these features combined make 20866 Burtonsville an expensive but attractive place to live.
Burtonsville (zip 20866) has an unemployment rate of 5.7%. The US average is 6.0%.
Burtonsville (zip 20866) 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 Burtonsville (zip 20866)
- The Sales Tax Rate for Burtonsville (zip 20866) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Burtonsville (zip 20866) 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 Burtonsville (zip 20866)
- The average income of a Burtonsville (zip 20866) resident is $40,042 a year. The US average is $28,555 a year.
- The Median household income of a Burtonsville (zip 20866) resident is $127,937 a year. The US average is $69,021 a year.