Zip 20736 (Owings, MD) Economy


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20736 Owings, MD is a great place to live with lots of local amenities. There are many stores and restaurants in the area such as Giant Food, Trifecta Tavern & Brewery, and The Country Place. The town also boasts a variety of recreational activities and parks for residents to enjoy such as Patuxent River Park, Owensville Creek Park, and Horsehead Wetland Center. In addition to its convenient location near Washington D.C., 20736 Owings has an average 2 bedroom rent of $1,520 which is slightly higher than the US average of $1,430. Furthermore, the Grocery Cost Index in the area is 111 compared to the US average of 100. All these factors make 20736 Owings an attractive location for potential renters.

Owings (zip 20736) has an unemployment rate of 4.5%. The US average is 6.0%.

Owings (zip 20736) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Owings (zip 20736)
- The Sales Tax Rate for Owings (zip 20736) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Owings (zip 20736) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Owings (zip 20736)
- The average income of a Owings (zip 20736) resident is $42,841 a year. The US average is $28,555 a year.
- The Median household income of a Owings (zip 20736) resident is $139,321 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOwings, MarylandUnited States
  4.56
  -6.5%-6.2%
  37.3%33.5%
  6.0%6.2%
  7.8%4.6%
  $57,154$37,638
  $139,321$69,021
  $149,038$85,028
  Population by Occupation
  0.5%1.2%
  0.4%0.5%
  13.5%6.8%
  3.5%10.0%
  1.9%2.5%
  4.0%11.0%
  1.7%4.8%
  1.1%0.8%
  1.7%1.9%
  3.3%4.7%
  2.5%1.9%
  9.9%7.6%
  0.0%0.1%
  7.2%4.2%
  9.3%9.3%
  10.1%14.0%
  2.9%2.1%
  4.9%7.0%
  5.7%4.8%
  15.9%4.7%
Health