20688 Solomons, MD is a great place to live. It has an affordable housing market with 2-bedroom rentals averaging at $2,240 and grocery costs that are 7 percent higher than the national average. Local businesses include the Beachcomber restaurant, which offers delicious seafood dishes, and Solomons Island Yacht Club Marina, which is a popular destination for boaters and anglers. For shopping needs, there is a nearby Walmart and Giant grocery store. Additionally, the local library offers a variety of events and activities for visitors and residents alike. With its excellent location by the water and plethora of amenities available nearby, 20688 Solomons is an ideal place to call home.
Solomons (zip 20688) has an unemployment rate of 4.5%. The US average is 6.0%.
Solomons (zip 20688) 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 20688)
- The Sales Tax Rate for Solomons (zip 20688) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Solomons (zip 20688) 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 20688)
- The average income of a Solomons (zip 20688) resident is $50,209 a year. The US average is $28,555 a year.
- The Median household income of a Solomons (zip 20688) resident is $115,680 a year. The US average is $69,021 a year.