Welcome to 20693 Welcome, Maryland! This suburban area is an excellent place to live for those looking for a peaceful and comfortable lifestyle. Residents can enjoy numerous amenities here, including local businesses such as NAPA Auto Parts, Thali Restaurant & Carry Out, and Ace Hardware. The cost of living in this area is slightly higher than the US average. For instance, the 2 bedroom rent in 20693 Welcome is $1,630 while the US average is $1,430. Additionally, the Grocery Cost Index here is 109 versus 100 in the US. It might be worth it to live here though considering all that this charming town has to offer!
Welcome (zip 20693) has an unemployment rate of 5.9%. The US average is 6.0%.
Welcome (zip 20693) has seen the job market decrease by -6.5% 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 Welcome (zip 20693)
- The Sales Tax Rate for Welcome (zip 20693) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Welcome (zip 20693) 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 Welcome (zip 20693)
- The average income of a Welcome (zip 20693) resident is $41,488 a year. The US average is $37,638 a year.
- The Median household income of a Welcome (zip 20693) resident is $142,045 a year. The US average is $69,021 a year.