Zip 20603 (Waldorf, MD) Economy


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20603 Waldorf, MD is a great place to live with affordable housing and a lower cost of living than the national average. The median rent for a 2-bedroom residence in 20603 is $1,870 compared to the US median of $1430. In addition to this, the grocery cost index in 20603 is 108 compared to 100 in the US. This means that you can buy your groceries for slightly less than the national average.
Local companies that serve 20603 include Tri County Veterinary Clinic, Southern Maryland Electrical Contractors Inc., Allstate Insurance Agent Christopher Jablonski, and Papa John's Pizza. These businesses have been serving 20603 for many years and provide quality services for residents in the area.

Waldorf (zip 20603) has an unemployment rate of 5.9%. The US average is 6.0%.

Waldorf (zip 20603) 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 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Waldorf (zip 20603)
- The Sales Tax Rate for Waldorf (zip 20603) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waldorf (zip 20603) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Waldorf (zip 20603)
- The average income of a Waldorf (zip 20603) resident is $40,147 a year. The US average is $28,555 a year.
- The Median household income of a Waldorf (zip 20603) resident is $126,721 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaldorf, MarylandUnited States
  5.96
  -6.5%-6.2%
  37.1%33.5%
  6.0%6.2%
  7.8%4.6%
  $48,409$37,638
  $126,721$69,021
  $136,719$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.3%6.8%
  3.2%10.0%
  0.9%2.5%
  9.1%11.0%
  6.0%4.8%
  0.6%0.8%
  0.9%1.9%
  2.4%4.7%
  2.3%1.9%
  9.2%7.6%
  0.1%0.1%
  1.9%4.2%
  8.9%9.3%
  10.6%14.0%
  2.9%2.1%
  5.4%7.0%
  5.6%4.8%
  25.5%4.7%
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