The area of 20905 Cloverly, MD is an ideal place for those looking to rent a two-bedroom apartment; the average cost for such a rental is $1,950 per month. This is significantly higher than the national average of $1,430 per month. The local grocery cost index for this area is 112, which is 12 points above the US index of 100. The 20905 Cloverly, MD zip code includes several notable companies such as Wegmans Grocery Store, Pharmavite Vitamin Co., and Weis Markets Inc. This area also provides plenty of activities to do thanks to its close proximity to Sandy Spring Adventure Park, Olney Theatre Center, and Lake Needwood.
Cloverly (zip 20905) has an unemployment rate of 5.7%. The US average is 6.0%.
Cloverly (zip 20905) 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 Cloverly (zip 20905)
- The Sales Tax Rate for Cloverly (zip 20905) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cloverly (zip 20905) 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 Cloverly (zip 20905)
- The average income of a Cloverly (zip 20905) resident is $44,803 a year. The US average is $28,555 a year.
- The Median household income of a Cloverly (zip 20905) resident is $133,947 a year. The US average is $69,021 a year.