20687 Scotland, MD is a small town located in Washington County. The average 2 Bedroom rent in this area is slightly lower than the US average at $1,410 per month. Grocery costs are 8% higher than the US Index (100) with an index of 108. This area is home to several local businesses such as Scotland Garage Door Repair, Maryland Title & Escrow Co., and Jeter's Valley Market. Although the cost of living may be slightly higher here when compared to the US average, those who live in 20687 Scotland have access to good quality local services and businesses that provide convenience and affordability for everyday needs.
Scotland (zip 20687) has an unemployment rate of 4.3%. The US average is 6.0%.
Scotland (zip 20687) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Scotland (zip 20687)
- The Sales Tax Rate for Scotland (zip 20687) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Scotland (zip 20687) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Scotland (zip 20687)
- The average income of a Scotland (zip 20687) resident is $68,162 a year. The US average is $37,638 a year.
- The Median household income of a Scotland (zip 20687) resident is $130,463 a year. The US average is $69,021 a year.