Zip 21853 (Princess Anne, MD) Economy


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21853 Princess Anne, MD is a vibrant community located in Somerset County. The area offers many different amenities for locals and visitors alike. Residents of the area enjoy an average two bedroom rent rate of $970, which is lower than the US average at $1,430. Grocery costs are also competitively priced with an index of 102 versus 100 in the US.
The area offers several attractions such as the Somerset County Historical Museum and Trails End Park which both provide unique experiences to visitors. Local businesses include Wildfowler Outfitters, Mardela Springs Marina, and Pohanka Nissan of Salisbury providing employment opportunities for residents as well as services for those in the surrounding communities. There are also plenty of restaurants ranging from traditional American to Asian flavors. With so much to do and see, 21853 Princess Anne is a great place to live and explore!

Princess Anne (zip 21853) has an unemployment rate of 7.4%. The US average is 6.0%.

Princess Anne (zip 21853) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Princess Anne (zip 21853)
- The Sales Tax Rate for Princess Anne (zip 21853) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Princess Anne (zip 21853) is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Princess Anne (zip 21853)
- The average income of a Princess Anne (zip 21853) resident is $15,646 a year. The US average is $28,555 a year.
- The Median household income of a Princess Anne (zip 21853) resident is $46,558 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPrincess Anne, MarylandUnited States
  7.46
  -6.9%-6.2%
  25.4%33.5%
  6.0%6.2%
  8.0%4.6%
  $20,421$37,638
  $46,558$69,021
  $62,305$85,028
  Population by Occupation
  2.3%1.2%
  0.0%0.5%
  4.7%6.8%
  7.2%10.0%
  1.2%2.5%
  10.5%11.0%
  0.8%4.8%
  0.0%0.8%
  0.6%1.9%
  0.9%4.7%
  0.5%1.9%
  2.1%7.6%
  0.0%0.1%
  5.4%4.2%
  19.9%9.3%
  18.5%14.0%
  1.3%2.1%
  5.4%7.0%
  5.1%4.8%
  13.6%4.7%
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