Towson, MD (ZIP code 21204) is a city located in Baltimore County in the state of Maryland. It has a population of approximately 55,197 people. The average two-bedroom rent in Towson is $2,000 per month which is higher than the US average of $1,430. Similarly, the grocery cost index here is 107 versus 100 in the US making it slightly more expensive to live here than the national average.
Towson offers a wealth of opportunity for both work and play with local companies such as M&T Bank, CareFirst BlueCross BlueShield, McCormick & Company and T. Rowe Price located within its borders. Many other businesses are also based here such as CDW Corporation, Under Armour and Legg Mason Inc offering their employees competitive salaries commensurate with the higher cost of living in Towson.
Towson (zip 21204) has an unemployment rate of 6.0%. The US average is 6.0%.
Towson (zip 21204) 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 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Towson (zip 21204)
- The Sales Tax Rate for Towson (zip 21204) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Towson (zip 21204) 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 Towson (zip 21204)
- The average income of a Towson (zip 21204) resident is $40,562 a year. The US average is $28,555 a year.
- The Median household income of a Towson (zip 21204) resident is $90,032 a year. The US average is $69,021 a year.