Zip 20723 (Scaggsville, MD) Economy


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20723 Scaggsville, MD is an area in Howard County that offers a variety of amenities to its residents and visitors. The median monthly rent for a two-bedroom apartment is $1,990, which is higher than the US average of $1,430. Additionally, the grocery cost index in the area is 106 compared to 100 in the US, making it a great place to live or visit. There are several businesses located in 20723 Scaggsville such as CyberData Technologies, Primo Automotive Repair, and Longwood Electrical Solutions which offer quality products and services. Other local attractions include Parr’s Spring Park and Whiskey Bottom Nature Trail where people can enjoy nature and outdoor activities. All in all, 20723 Scaggsville provides plenty of options for those looking for great housing with access to local amenities.

Scaggsville (zip 20723) has an unemployment rate of 4.5%. The US average is 6.0%.

Scaggsville (zip 20723) 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 34.2%, which is higher than the US average of 33.5%.

Tax Rates for Scaggsville (zip 20723)
- The Sales Tax Rate for Scaggsville (zip 20723) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scaggsville (zip 20723) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Scaggsville (zip 20723)
- The average income of a Scaggsville (zip 20723) resident is $43,724 a year. The US average is $28,555 a year.
- The Median household income of a Scaggsville (zip 20723) resident is $123,467 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScaggsville, MarylandUnited States
  4.56
  -6.2%-6.2%
  34.2%33.5%
  6.0%6.2%
  8.0%4.6%
  $53,016$37,638
  $123,467$69,021
  $155,804$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.8%6.8%
  5.4%10.0%
  1.7%2.5%
  6.8%11.0%
  2.4%4.8%
  0.6%0.8%
  1.4%1.9%
  5.1%4.7%
  1.6%1.9%
  15.6%7.6%
  0.4%0.1%
  4.0%4.2%
  11.6%9.3%
  14.3%14.0%
  1.8%2.1%
  4.2%7.0%
  5.7%4.8%
  12.5%4.7%
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