Zip 21163 (Ellicott City, MD) Economy


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21163 Ellicott City, MD is a great place to call home. The two bedroom rent in the area is $2,170 which is $740 more expensive than the national average of $1,430. Those looking for a place to live in this area have plenty of options when it comes to local businesses such as Barcraft Kitchen & Tap, Baltimore Coffee and Tea Co., Turf Valley Towne Square Shopping Center, and Lippolis Italian Gourmet Deli. Grocery Cost Index in this area is also considerably higher compared to the US with an index of 107 versus 100 in the US.

Ellicott City (zip 21163) has an unemployment rate of 4.5%. The US average is 6.0%.

Ellicott City (zip 21163) has seen the job market decrease by -6.2% 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 Ellicott City (zip 21163)
- The Sales Tax Rate for Ellicott City (zip 21163) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ellicott City (zip 21163) 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 Ellicott City (zip 21163)
- The average income of a Ellicott City (zip 21163) resident is $73,620 a year. The US average is $37,638 a year.
- The Median household income of a Ellicott City (zip 21163) resident is $114,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEllicott City, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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