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Zip 20841 (Germantown, MD) Economy


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United States / / / Germantown (zip 20841)
20841 Germantown, MD is an attractive location for renters due to its competitive rental prices. The 2 bedroom rental rate for this area is $2,810, which is a substantial decrease from the US average of $1,430. Recent studies have also revealed that the area has a higher Grocery Cost Index than the national average at 115 versus 100 in the US.
Local companies like ReStore Home Improvement Center and Visiting Angels provide employment opportunities and services to residents of 20841 Germantown. Meanwhile, residents have noted that this area provides access to shopping plazas and plenty of restaurants while boasting a safe and friendly atmosphere. Additionally, its close proximity to Seneca Creek State Park makes it a great destination for outdoor activities such as hiking, fishing, and camping. All in all, 20841 Germantown continues to be an excellent residential option for those looking for a comfortable and affordable place to call home.

Germantown (zip 20841) has an unemployment rate of 5.7%. The US average is 6.0%.

Germantown (zip 20841) 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 31.0%, which is lower than the US average of 33.5%.

Tax Rates for Germantown (zip 20841)
- The Sales Tax Rate for Germantown (zip 20841) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Germantown (zip 20841) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Germantown (zip 20841)
- The average income of a Germantown (zip 20841) resident is $58,932 a year. The US average is $37,638 a year.
- The Median household income of a Germantown (zip 20841) resident is $167,353 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGermantown, MarylandUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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