Zip 20878 (Gaithersburg, MD) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Gaithersburg, MD 20878 is a city located in the Montgomery County of Maryland, approximately 20 miles from Washington DC. It has a population of over 65,000 people and provides much to its residents. The median 2 Bedroom rent in Gaithersburg is $2,010 while the US median is $1,430. Additionally, the Grocery Cost Index for Gaithersburg is 114 compared to 100 for the US as a whole.
Gaithersburg offers many opportunities for its residents with numerous companies that are headquartered or have offices there such as Lockheed Martin, IBM, MedImmune and Marriott International. Additionally it boasts several parks and community centers including Bohrer Park with multiple pools and trails. There are also lots of restaurants both for dine-in or delivery including Black Hog BBQ & Smokehouse, La Plaza Tapatia Mexican Restaurant and Red Hot & Blue Barbecue.

Gaithersburg (zip 20878) has an unemployment rate of 6.1%. The US average is 6.0%.

Gaithersburg (zip 20878) 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 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Gaithersburg (zip 20878)
- The Sales Tax Rate for Gaithersburg (zip 20878) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gaithersburg (zip 20878) 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 Gaithersburg (zip 20878)
- The average income of a Gaithersburg (zip 20878) resident is $52,955 a year. The US average is $28,555 a year.
- The Median household income of a Gaithersburg (zip 20878) resident is $130,469 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGaithersburg, MarylandUnited States
  6.16
  -6.5%-6.2%
  31.1%33.5%
  6.0%6.2%
  8.0%4.6%
  $65,222$37,638
  $130,469$69,021
  $156,022$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  4.4%6.8%
  5.2%10.0%
  1.4%2.5%
  6.2%11.0%
  2.2%4.8%
  0.3%0.8%
  2.8%1.9%
  4.2%4.7%
  2.3%1.9%
  25.7%7.6%
  0.2%0.1%
  2.6%4.2%
  8.1%9.3%
  10.3%14.0%
  1.8%2.1%
  4.7%7.0%
  5.8%4.8%
  11.9%4.7%
Health