Chesapeake Beach, MD 20732 is a charming waterfront town that has become increasingly popular with those looking for a mix of city life and small-town charm. It is home to a variety of businesses such as The Crab Shack Restaurant, Chesapeake Beach Resort & Spa, and Chesapeake Beach Railway Trail. The average 2 bedroom rent in this area stands at $1,680 which is slightly higher than the US average of $1,430 however it still remains an affordable housing option. Similarly cost of groceries can be a bit pricier than the US average as the Grocery Cost Index for Chesapeake Beach stands at 108 versus 100 in the US. On the whole residents can enjoy a comfortable lifestyle for an affordable price in this special community near Washington D.C.
Chesapeake Beach (zip 20732) has an unemployment rate of 4.5%. The US average is 6.0%.
Chesapeake Beach (zip 20732) 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 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Chesapeake Beach (zip 20732)
- The Sales Tax Rate for Chesapeake Beach (zip 20732) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake Beach (zip 20732) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chesapeake Beach (zip 20732)
- The average income of a Chesapeake Beach (zip 20732) resident is $51,834 a year. The US average is $37,638 a year.
- The Median household income of a Chesapeake Beach (zip 20732) resident is $120,358 a year. The US average is $69,021 a year.