20912 Takoma Park, MD is a great place to live with convenient access to Washington DC by public transportation or car. It has a vibrant culture with large companies such as Adventist HealthCare and Montgomery College located nearby. There are plenty of opportunities for recreation with its many parks, cultural sites, and historic landmarks. The cost of living in 20912 Takoma Park, MD is high compared to the US average due to higher rent costs; two bedroom rentals here average $1,480 compared to the US average of $1,430, and groceries are over 14% more expensive than the US at 114 versus 100. Even though it can be pricey to live in 20912 Takoma Park, MD it's easy to see why people come here for work and fun alike.
Takoma Park (zip 20912) has an unemployment rate of 5.7%. The US average is 6.0%.
Takoma Park (zip 20912) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Takoma Park (zip 20912)
- The Sales Tax Rate for Takoma Park (zip 20912) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Takoma Park (zip 20912) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Takoma Park (zip 20912)
- The average income of a Takoma Park (zip 20912) resident is $35,860 a year. The US average is $28,555 a year.
- The Median household income of a Takoma Park (zip 20912) resident is $67,427 a year. The US average is $69,021 a year.