Zip 20783 (Langley Park, MD) Economy


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20783 Langley Park, MD is a great place to live for those looking for an affordable option close to DC. The average two bedroom rent in the area is $1,610, while the US average is only $1,430. Additionally, the Grocery Cost Index in Langley Park is 108 compared to 100 in the US. This makes it possible to save on food expenses as well. There are numerous local companies that make this community a great place to live including Big Lots, Dollar Tree, Family Dollar and Food Lion. All of these businesses make living in 20783 Langley Park convenient and accessible.

Langley Park (zip 20783) has an unemployment rate of 7.8%. The US average is 6.0%.

Langley Park (zip 20783) 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 34.4%, which is higher than the US average of 33.5%.

Tax Rates for Langley Park (zip 20783)
- The Sales Tax Rate for Langley Park (zip 20783) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Langley Park (zip 20783) 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 Langley Park (zip 20783)
- The average income of a Langley Park (zip 20783) resident is $25,036 a year. The US average is $37,638 a year.
- The Median household income of a Langley Park (zip 20783) resident is $71,391 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLangley Park, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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