Zip 20624 (Clements, MD) Economy


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20624 Clements, MD is a burgeoning community situated between Washington DC and Annapolis. It's a great area to live with plenty of amenities available such as shopping, restaurants, and recreation. The average 2 bedroom rent in 20624 Clements is $1,550 which is slightly higher than the US average of $1,430. Grocery costs are also higher in 20624 Clements with an index rate of 108 compared to 100 in the US. There are many local businesses in the area that residents can enjoy such as the local pizza shop Tuscany’s Italian Cuisine and Café & Wine Bar located on Main Street. Other popular spots include: The Stonington Saloon for drinks and live entertainment; The Spencer House for top-notch dining; and Fresh Market for fresh produce and groceries. All together, 20624 Clements has a relatively high cost of living but offers its residents plenty of activities and attractions to take advantage of.

Clements (zip 20624) has an unemployment rate of 4.3%. The US average is 6.0%.

Clements (zip 20624) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Clements (zip 20624)
- The Sales Tax Rate for Clements (zip 20624) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clements (zip 20624) 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 Clements (zip 20624)
- The average income of a Clements (zip 20624) resident is $34,502 a year. The US average is $28,555 a year.
- The Median household income of a Clements (zip 20624) resident is $149,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClements, MarylandUnited States
  4.36
  -1.6%-6.2%
  28.0%33.5%
  6.0%6.2%
  7.8%4.6%
  $63,480$37,638
  $149,333$69,021
  $165,333$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  22.6%6.8%
  0.0%10.0%
  3.8%2.5%
  7.5%11.0%
  1.8%4.8%
  1.8%0.8%
  0.0%1.9%
  2.2%4.7%
  0.0%1.9%
  11.1%7.6%
  0.0%0.1%
  0.0%4.2%
  2.7%9.3%
  16.5%14.0%
  0.0%2.1%
  4.3%7.0%
  9.3%4.8%
  14.4%4.7%
Health