Zip 21863 (Snow Hill, MD) Economy


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21863 Snow Hill, MD is a great place to live with its low cost of living. The two bedroom rent averages at just $860, which is significantly lower than the US average of $1,430. Grocery costs here are also more budget friendly with an index of 104 versus the US average of 100. Local businesses and amenities in 21863 Snow Hill, MD include small businesses such as the Monie Bay Market, County Home Repair & Remodeling Incorporated, Eastern Shore Hearing Aid Center, Moore's Lighthouse Restaurant and Marina, and Vonah's Beauty Salon. Additionally, there are many parks in the area such as Snow Hill Skate Park and Knopp Park for families to enjoy outdoor activities.

Snow Hill (zip 21863) has an unemployment rate of 9.9%. The US average is 6.0%.

Snow Hill (zip 21863) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.

Tax Rates for Snow Hill (zip 21863)
- The Sales Tax Rate for Snow Hill (zip 21863) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Snow Hill (zip 21863) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Snow Hill (zip 21863)
- The average income of a Snow Hill (zip 21863) resident is $25,274 a year. The US average is $28,555 a year.
- The Median household income of a Snow Hill (zip 21863) resident is $61,019 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySnow Hill, MarylandUnited States
  9.96
  -6.7%-6.2%
  23.0%33.5%
  6.0%6.2%
  6.5%4.6%
  $31,784$37,638
  $61,019$69,021
  $72,578$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  6.4%6.8%
  5.7%10.0%
  1.4%2.5%
  7.3%11.0%
  4.0%4.8%
  0.8%0.8%
  0.9%1.9%
  0.9%4.7%
  1.2%1.9%
  4.3%7.6%
  0.0%0.1%
  8.7%4.2%
  13.1%9.3%
  16.0%14.0%
  4.8%2.1%
  5.9%7.0%
  8.5%4.8%
  9.2%4.7%
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