Zip 21046 (Columbia, MD) Economy


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21046 Columbia, MD is a great place to call home. The two bedroom rent in Columbia is $2,100 which is significantly higher than the national average of $1,430. Grocery costs are also higher in Columbia with a grocery cost index of 104 compared to the US average of 100. This shows that living in Columbia can be more expensive than other places. However, there are many local businesses that can help offset the costs of living here. Some popular companies include Merriweather Post Pavilion and Whole Foods Market. These establishments offer competitive prices for products and services saving residents money on goods and services they need. All in all, living in 21046 Columbia, MD may come with a higher cost of living but it is worth it for those who choose to call this area home.

Columbia (zip 21046) has an unemployment rate of 4.5%. The US average is 6.0%.

Columbia (zip 21046) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.

Tax Rates for Columbia (zip 21046)
- The Sales Tax Rate for Columbia (zip 21046) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia (zip 21046) 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 Columbia (zip 21046)
- The average income of a Columbia (zip 21046) resident is $48,755 a year. The US average is $28,555 a year.
- The Median household income of a Columbia (zip 21046) resident is $113,346 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColumbia, MarylandUnited States
  4.56
  -6.2%-6.2%
  34.2%33.5%
  6.0%6.2%
  8.0%4.6%
  $55,195$37,638
  $113,346$69,021
  $118,657$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.4%6.8%
  5.5%10.0%
  1.7%2.5%
  5.4%11.0%
  2.3%4.8%
  0.3%0.8%
  3.5%1.9%
  3.1%4.7%
  1.6%1.9%
  16.6%7.6%
  0.1%0.1%
  2.4%4.2%
  12.1%9.3%
  15.0%14.0%
  1.2%2.1%
  7.2%7.0%
  4.1%4.8%
  13.5%4.7%
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