Zip 20724 (Maryland City, MD) Economy


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20724 Maryland City, MD is a city with a variety of local businesses to enjoy. The two bedroom rent in the area is $2,150 which is more expensive than the national average of $1,430. Despite the higher rent prices, 20724 has plenty to offer from grocery stores to other amenities. Popular grocery chains such as ALDI and Safeway are located in 20724 with groceries costing approximately 3% more than the national average. For those looking for local restaurants and markets look no further than The Old Line Bistro that serves seafood specialities or the Tandoori Nights which specializes in Indian cuisine. If you're looking for other activities there are numerous parks within 20724 like Governor Bridge Park which contains a playground and picnic area. With plenty of shopping centers like Arundel Mills nearby and access to Route 32 there's much to explore in 20724 Maryland City, MD.

Maryland City (zip 20724) has an unemployment rate of 4.9%. The US average is 6.0%.

Maryland City (zip 20724) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.

Tax Rates for Maryland City (zip 20724)
- The Sales Tax Rate for Maryland City (zip 20724) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Maryland City (zip 20724) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Maryland City (zip 20724)
- The average income of a Maryland City (zip 20724) resident is $42,021 a year. The US average is $37,638 a year.
- The Median household income of a Maryland City (zip 20724) resident is $96,036 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMaryland City, 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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