Zip 20794 (Jessup, MD) Economy


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20794 Jessup, MD is a great place to call home. Located in Howard County, it has a thriving economy with plenty of local companies and amenities for residents. The 2 bedroom rent here is $1,840 per month which is slightly higher than the US average of $1,430. Grocery costs index here is 103 compared to the national average of 100. There are plenty of well-known companies located in 20794 Jessup such as Target and Walmart, as well as a number of smaller local businesses offering services such as landscaping and home repairs. In addition to businesses, there are numerous recreational activities available in the area including golf courses, parks, pools and tennis courts.

Jessup (zip 20794) has an unemployment rate of 4.5%. The US average is 6.0%.

Jessup (zip 20794) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.

Tax Rates for Jessup (zip 20794)
- The Sales Tax Rate for Jessup (zip 20794) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jessup (zip 20794) 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 Jessup (zip 20794)
- The average income of a Jessup (zip 20794) resident is $21,739 a year. The US average is $28,555 a year.
- The Median household income of a Jessup (zip 20794) resident is $95,764 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyJessup, MarylandUnited States
  4.56
  -6.2%-6.2%
  34.2%33.5%
  6.0%6.2%
  8.0%4.6%
  $28,940$37,638
  $95,764$69,021
  $104,183$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.9%6.8%
  6.2%10.0%
  3.1%2.5%
  7.8%11.0%
  4.2%4.8%
  0.3%0.8%
  1.0%1.9%
  2.8%4.7%
  2.2%1.9%
  17.5%7.6%
  0.0%0.1%
  3.5%4.2%
  12.9%9.3%
  6.5%14.0%
  2.8%2.1%
  5.6%7.0%
  4.0%4.8%
  15.6%4.7%
Health