20625 Cobb Island, MD is a desirable place to live for people looking to escape the hustle and bustle of city life. The median two-bedroom rent in this area is $1,610, which is slightly higher than the national average of $1,430. Grocery costs are slightly higher in the area with a cost index of 106 compared to 100 nationally.
The area has a variety of businesses catering to residents’ needs including Cobb Island Pharmacy, Southern Maryland Motorsports and Uncle Willie's Crab House & Sports Bar. The population of 20625 Cobb Island is 2,128 as per the latest census data. Residents enjoy plenty of outdoor activities such as boating or fishing on Neale Sound or several nearby parks like St. Clements Island State Park and Point Lookout State Park. People also flock here for food events like the seasonal \"Taste of Cobb\" Festival at Uncle Willies Crab House & Sports Bar where they get a sample local seafood delicacies.
Cobb Island (zip 20625) has an unemployment rate of 5.9%. The US average is 6.0%.
Cobb Island (zip 20625) 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Cobb Island (zip 20625)
- The Sales Tax Rate for Cobb Island (zip 20625) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cobb Island (zip 20625) 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 Cobb Island (zip 20625)
- The average income of a Cobb Island (zip 20625) resident is $46,866 a year. The US average is $37,638 a year.
- The Median household income of a Cobb Island (zip 20625) resident is $115,491 a year. The US average is $69,021 a year.