20880 Washington Grove, MD is a small town located in Montgomery County, Maryland. The cost of living here is slightly higher than the national average. The average 2 bedroom rent for this area is $1,920 compared to the US average of $1,430. Grocery costs also are slightly higher with an index rating of 111 compared to 100 for the US overall.
There are various local companies that operate within 20880 Washington Grove, MD that cater to its residents' needs and desires. Directly within the small town there are a few businesses such as: Walters Hardware Inc., a family-owned and operated hardware store; Tastee Freeze Ice Cream Parlor, offering homemade ice cream and other soft serve desserts; and Gorman's Garage, providing car repair services since 1983. Additionally, there are several larger companies located nearby including the Giant Food grocery store in Rockville, Maryland just eight miles away from Washington Grove; Comcast Cable Communications in Germantown four miles away; and Strathmore Music Center in North Bethesda ten miles away.
Washington Grove (zip 20880) has an unemployment rate of 5.7%. The US average is 6.0%.
Washington Grove (zip 20880) 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 Washington Grove (zip 20880)
- The Sales Tax Rate for Washington Grove (zip 20880) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Washington Grove (zip 20880) 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 Washington Grove (zip 20880)
- The average income of a Washington Grove (zip 20880) resident is $54,518 a year. The US average is $28,555 a year.
- The Median household income of a Washington Grove (zip 20880) resident is $122,386 a year. The US average is $69,021 a year.