Frederick, Maryland is a growing city located just an hour away from Washington D.C. It’s home to over 65,000 people and has a 2 bedroom rent of $1,530 - slightly higher than the US average of $1,430. Grocery costs in Frederick are also higher than the US average with a grocery cost index of 107 versus 100 in the US.
In addition to great housing options and access to goods and services, Frederick offers tons of activities for its residents and visitors alike. Major companies such as Hood College and Frederick County Public Schools have offices there, as well as Fort Detrick military base. The city is also home to many historic sites such as Monocacy National Battlefield and Catoctin Mountain Park. Visitors can explore the vibrant downtown area which is full of unique shops and restaurants such as Isabella’s Taverna & Tapas Bar or local craft breweries like Flying Dog Brewery. There truly is something for everyone in this charming city!
Frederick (zip 21702) has an unemployment rate of 5.4%. The US average is 6.0%.
Frederick (zip 21702) 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Frederick (zip 21702)
- The Sales Tax Rate for Frederick (zip 21702) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frederick (zip 21702) is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frederick (zip 21702)
- The average income of a Frederick (zip 21702) resident is $43,382 a year. The US average is $37,638 a year.
- The Median household income of a Frederick (zip 21702) resident is $92,267 a year. The US average is $69,021 a year.