Zip 20626 (Coltons Point, MD) Economy


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Located in Coltons Point, Maryland, 20626 is a great place to live. With two-bedroom rents averaging $1,600 and the Grocery Cost Index at 112 compared to the US index of 100, prices remain fairly competitive. Residents can enjoy living near local businesses such as Walmart in California and Applebees for dining out. Other popular companies nearby include Pizza Hut and Dollar General for shopping. To top it off, there are several outdoor activities available at nearby attractions like St Clements Island State Park where visitors can explore the area's history and observe wildlife.

Coltons Point (zip 20626) has an unemployment rate of 4.3%. The US average is 6.0%.

Coltons Point (zip 20626) 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 Coltons Point (zip 20626)
- The Sales Tax Rate for Coltons Point (zip 20626) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coltons Point (zip 20626) 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 Coltons Point (zip 20626)
- The average income of a Coltons Point (zip 20626) resident is $77,247 a year. The US average is $28,555 a year.
- The Median household income of a Coltons Point (zip 20626) resident is $55,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColtons Point, MarylandUnited States
  4.36
  -1.6%-6.2%
  28.0%33.5%
  6.0%6.2%
  7.8%4.6%
  $58,356$37,638
  $55,694$69,021
  $65,179$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  20.2%6.8%
  0.0%10.0%
  0.0%2.5%
  32.3%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  15.2%7.6%
  0.0%0.1%
  10.1%4.2%
  0.0%9.3%
  15.2%14.0%
  0.0%2.1%
  0.0%7.0%
  7.1%4.8%
  0.0%4.7%
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