Zip 20629 (Solomons, MD) Economy


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20629 Solomons, MD is an ideal place to live for those looking for a community with plenty of local offerings. The two bedroom rent is $1,990 and the grocery cost index in Solomons, MD is 107 versus 100 in the US. Local companies include Solomons Gourmet, Eastern Shore Pizza, Chef Al’s Restaurant & Catering Company and Atlantic Marine Electronics. Solomons Gourmet offers an array of delicious gourmet dishes prepared with fresh ingredients. Eastern Shore Pizza offers a variety of pizzas and other Italian favorites. Chef Al’s Restaurant & Catering Company provide catering services as well as a full-service restaurant. Lastly, Atlantic Marine Electronics specializes in marine electronics sales and installation services for your boating needs.

Solomons (zip 20629) has an unemployment rate of 4.5%. The US average is 6.0%.

Solomons (zip 20629) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Solomons (zip 20629)
- The Sales Tax Rate for Solomons (zip 20629) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Solomons (zip 20629) is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Solomons (zip 20629)
- The average income of a Solomons (zip 20629) resident is $80,060 a year. The US average is $28,555 a year.
- The Median household income of a Solomons (zip 20629) resident is $76,618 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySolomons, MarylandUnited States
  4.56
  -6.5%-6.2%
  37.3%33.5%
  6.0%6.2%
  7.8%4.6%
  $44,066$37,638
  $76,618$69,021
  $100,347$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.1%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  7.8%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  22.3%7.6%
  8.1%0.1%
  0.0%4.2%
  0.0%9.3%
  13.2%14.0%
  11.8%2.1%
  14.2%7.0%
  6.4%4.8%
  7.1%4.7%
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