Zip 21131 (Phoenix, MD) Economy


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21131 Phoenix, MD is a great place to live. The rent for a two bedroom is $2,300, which is more than the national average of $1,430. This area is full of amenities and businesses that make life convenient and enjoyable. Local shops like Walmart, Home Depot, and Lowe's give you access to all the items you need. There are also plenty of restaurants like Ruby Tuesday's and Chili's for a night out with friends or family. Plus, grocery costs in 21131 Phoenix are higher than the national average at 108 versus 100 in the US. All these features combined make this area an attractive place to live for those who can afford it.

Phoenix (zip 21131) has an unemployment rate of 6.0%. The US average is 6.0%.

Phoenix (zip 21131) 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 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Phoenix (zip 21131)
- The Sales Tax Rate for Phoenix (zip 21131) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 21131) 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 Phoenix (zip 21131)
- The average income of a Phoenix (zip 21131) resident is $56,085 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 21131) resident is $163,370 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhoenix, MarylandUnited States
  66
  -6.2%-6.2%
  30.1%33.5%
  6.0%6.2%
  7.6%4.6%
  $76,957$37,638
  $163,370$69,021
  $182,208$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  7.1%6.8%
  8.3%10.0%
  3.4%2.5%
  5.9%11.0%
  0.7%4.8%
  0.7%0.8%
  2.7%1.9%
  9.5%4.7%
  3.3%1.9%
  14.6%7.6%
  0.0%0.1%
  2.0%4.2%
  7.3%9.3%
  13.7%14.0%
  1.7%2.1%
  7.0%7.0%
  2.0%4.8%
  9.4%4.7%
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