20640 Indian Head, MD is a great place to live for those seeking an affordable yet modern lifestyle. Located just outside of Washington D.C., 20640 Indian Head has all the amenities of the big city without the hefty price tag. The two-bedroom rent in 20640 Indian Head is $1,650, which is significantly lower than the US average of $1,430. Additionally, grocery costs in 20640 Indian Head are 106 compared to 100 nationally. Locally, residents enjoy access to several well-known stores such as Safeway and Walmart Supercenter, as well as one-of-a-kind boutiques like Antiques on the Market. National chains such as Staples and Home Depot are also widely available in 20640 Indian Head for all your shopping needs. With an abundance of restaurants ranging from fast food to fine dining, there’s something for every palate in this vibrant neighborhood.
Indian Head (zip 20640) has an unemployment rate of 5.9%. The US average is 6.0%.
Indian Head (zip 20640) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Indian Head (zip 20640)
- The Sales Tax Rate for Indian Head (zip 20640) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Indian Head (zip 20640) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Indian Head (zip 20640)
- The average income of a Indian Head (zip 20640) resident is $28,830 a year. The US average is $28,555 a year.
- The Median household income of a Indian Head (zip 20640) resident is $80,375 a year. The US average is $69,021 a year.