20678 Prince Frederick, MD is a great place to live with its affordable 2 bedroom rent averaging at $1,090 compared to the US average of $1,430. The cost of living in this area is also lower than most areas across the country as demonstrated by its grocery cost index which stands at 108 compared to the US average of 100. This makes it an attractive option for those seeking a balance between affordability and quality of life. 20678 Prince Frederick, MD is home to many local businesses that help contribute to its economic growth such as Martin's auto repair shop, Mid Atlantic Tire company and C2 Electrical services. With a population of 8386 people 20678 Prince Frederick, MD has plenty to offer for those looking for a thriving community with access to modern amenities.
Prince Frederick (zip 20678) has an unemployment rate of 4.5%. The US average is 6.0%.
Prince Frederick (zip 20678) 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 Prince Frederick (zip 20678)
- The Sales Tax Rate for Prince Frederick (zip 20678) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prince Frederick (zip 20678) 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 Prince Frederick (zip 20678)
- The average income of a Prince Frederick (zip 20678) resident is $33,816 a year. The US average is $28,555 a year.
- The Median household income of a Prince Frederick (zip 20678) resident is $109,474 a year. The US average is $69,021 a year.