Germantown, MD is a vibrant city located just outside of Washington, DC. It has a population of around 90,000 people and offers many exciting job opportunities and educational facilities. The average two-bedroom rent in Germantown is $1920, which is significantly higher than the US average of $1430. Groceries are also more expensive in Germantown with a grocery cost index of 108 versus 100 in the US.
Some local companies that offer employment opportunities include Sodexo Inc., Lockheed Martin Corp., and WSSC Water. With a variety of businesses and employers, Germantown is great for those who are looking for a diverse range of job options. There are also plenty of attractions to explore such as Black Hill Regional Park or Butler's Orchard for outdoor activities as well as museums and theatres for indoor entertainment. All these aspects make 20874 Germantown an attractive place to live and work in.
Germantown (zip 20874) has an unemployment rate of 5.7%. The US average is 6.0%.
Germantown (zip 20874) 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 Germantown (zip 20874)
- The Sales Tax Rate for Germantown (zip 20874) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Germantown (zip 20874) 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 Germantown (zip 20874)
- The average income of a Germantown (zip 20874) resident is $37,513 a year. The US average is $28,555 a year.
- The Median household income of a Germantown (zip 20874) resident is $103,443 a year. The US average is $69,021 a year.