The city of Gaithersburg, MD (20899) is a great place to call home. It offers an affordable cost of living with 2 bedroom rent averaging $1,010 compared to the US average of $1,430. This trend is also seen in the Grocery Cost Index for which Gaithersburg's index is 102 versus 100 in the US. For those looking to call this area home, there are many local companies that contribute to the cost of living in Gaithersburg. These include industries such as retail, banking and finance, healthcare, hospitality and tourism, technology and engineering firms and more. In addition, there are many small businesses like restaurants, cafes, and boutiques that offer goods and services at competitive prices. All of these companies make it easy for those looking for a great quality of life at an affordable price in Gaithersburg (20899).
Gaithersburg (zip 20899) has an unemployment rate of 6.1%. The US average is 6.0%.
Gaithersburg (zip 20899) 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 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Gaithersburg (zip 20899)
- The Sales Tax Rate for Gaithersburg (zip 20899) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gaithersburg (zip 20899) 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 20899)
- The average income of a Gaithersburg (zip 20899) resident is $23,944 a year. The US average is $37,638 a year.
- The Median household income of a Gaithersburg (zip 20899) resident is $0 a year. The US average is $69,021 a year.