Zip 21677 (Woolford, MD) Economy


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21677 Woolford, MD is an excellent place to call home. With a 2 bedroom rent of $990, it is a much more affordable option than the US average rent of $1,430. Furthermore, the area has a Grocery Cost Index of 101 compared to the US at 100, making it even more affordable. The local companies in 21677 Woolford, MD include Chesapeake IT Solutions Inc., Beechwood Builders LLC and Edward Perry & Co LLC. All three companies serve the community with excellent services in different fields ranging from IT solutions to construction and financial assistance respectively.

Woolford (zip 21677) has an unemployment rate of 6.3%. The US average is 6.0%.

Woolford (zip 21677) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.

Tax Rates for Woolford (zip 21677)
- The Sales Tax Rate for Woolford (zip 21677) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woolford (zip 21677) is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Woolford (zip 21677)
- The average income of a Woolford (zip 21677) resident is $36,728 a year. The US average is $28,555 a year.
- The Median household income of a Woolford (zip 21677) resident is $59,453 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoolford, MarylandUnited States
  6.36
  -3.3%-6.2%
  18.5%33.5%
  6.0%6.2%
  7.4%4.6%
  $31,887$37,638
  $59,453$69,021
  $68,250$85,028
  Population by Occupation
  8.5%1.2%
  0.0%0.5%
  0.9%6.8%
  0.0%10.0%
  0.0%2.5%
  16.7%11.0%
  2.1%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  1.7%1.9%
  6.4%7.6%
  0.0%0.1%
  0.0%4.2%
  10.7%9.3%
  6.0%14.0%
  22.7%2.1%
  6.0%7.0%
  6.8%4.8%
  11.5%4.7%
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