Zip 20904 (Fairland, MD) Economy


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20904 Fairland, MD is an area with a wide variety of local companies and businesses to check out. The 2 bedroom rent in this area is $1,900, which is slightly higher than the US average of $1,430. Additionally, the grocery cost index here is 111 versus the 100 seen in other American cities. Some of the local businesses in 20904 Fairland, MD include K&M Bike Shop, The Palace Skateboard Shop, Little Bites Bakery and Deli, and Soulful Salads Cafe. All these places offer something unique and are must-visit locations for locals and tourists alike.

Fairland (zip 20904) has an unemployment rate of 5.7%. The US average is 6.0%.

Fairland (zip 20904) 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 Fairland (zip 20904)
- The Sales Tax Rate for Fairland (zip 20904) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairland (zip 20904) 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 Fairland (zip 20904)
- The average income of a Fairland (zip 20904) resident is $34,901 a year. The US average is $28,555 a year.
- The Median household income of a Fairland (zip 20904) resident is $86,513 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairland, MarylandUnited States
  5.76
  -6.5%-6.2%
  31.0%33.5%
  6.0%6.2%
  8.0%4.6%
  $42,987$37,638
  $86,513$69,021
  $98,624$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.3%6.8%
  2.0%10.0%
  0.9%2.5%
  9.0%11.0%
  5.2%4.8%
  0.3%0.8%
  1.7%1.9%
  2.3%4.7%
  1.7%1.9%
  14.2%7.6%
  0.1%0.1%
  5.5%4.2%
  8.4%9.3%
  18.2%14.0%
  1.7%2.1%
  6.4%7.0%
  8.4%4.8%
  8.7%4.7%
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