Zip 20778 (Shady Side, MD) Economy


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20778 Shady Side, MD is an idyllic city in the United States with plenty of amenities to offer. The city has a 2 bedroom rent of $1,850 compared to the national average of $1430. Additionally, the Grocery Cost Index in 20778 Shady Side is 107 versus 100 in the US.
Local companies such as Chesapeake Bay Market, Blackwater Provisions, and Outback Steakhouse are located here and serve as great places for local residents to shop and dine. At these stores, shoppers can find everyday groceries like milk, bread, and eggs at reasonable prices; for example, a gallon of milk averages around $3.50 while a loaf of bread costs around $3.00.

Shady Side (zip 20778) has an unemployment rate of 4.9%. The US average is 6.0%.

Shady Side (zip 20778) 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 32.7%, which is lower than the US average of 33.5%.

Tax Rates for Shady Side (zip 20778)
- The Sales Tax Rate for Shady Side (zip 20778) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shady Side (zip 20778) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Shady Side (zip 20778)
- The average income of a Shady Side (zip 20778) resident is $50,233 a year. The US average is $28,555 a year.
- The Median household income of a Shady Side (zip 20778) resident is $167,292 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShady Side, MarylandUnited States
  4.96
  -6.2%-6.2%
  32.7%33.5%
  6.0%6.2%
  7.3%4.6%
  $66,123$37,638
  $167,292$69,021
  $165,139$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.5%6.8%
  4.5%10.0%
  0.0%2.5%
  5.3%11.0%
  0.8%4.8%
  0.0%0.8%
  0.0%1.9%
  2.2%4.7%
  1.1%1.9%
  14.4%7.6%
  0.0%0.1%
  9.2%4.2%
  2.4%9.3%
  11.7%14.0%
  3.4%2.1%
  17.1%7.0%
  4.4%4.8%
  17.1%4.7%
Health