20872 Damascus, MD is a small town located in Montgomery County in Maryland. It is an affordable place to live, with two bedroom rent averaging $1,570 per month compared to the US average of $1,430 per month. Grocery costs are slightly higher here than other places in the US due to the grocery cost index being 109 compared to 100 in the US.
The community offers multiple businesses and services for its residents. For example, there is a CVS Pharmacy location on Gunner's Branch Road offering prescription medications and everyday products like food, cleaning supplies and toiletries. There are also several restaurants options like Bullfrog Bagels and New England Pizza & Restaurant that provide sit-down meals as well as take-out options. For recreational activities there are athletic clubs like Damascus Fitness Center or Serene Yoga Studio where patrons can practice yoga or get some exercise at a crossfit gym or lifting weights at a weight room facility. Finally, there are plenty of local stores like Damascus Country Store to pick up any items you may need on the go.
Damascus (zip 20872) has an unemployment rate of 5.7%. The US average is 6.0%.
Damascus (zip 20872) 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 Damascus (zip 20872)
- The Sales Tax Rate for Damascus (zip 20872) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Damascus (zip 20872) 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 Damascus (zip 20872)
- The average income of a Damascus (zip 20872) resident is $50,903 a year. The US average is $37,638 a year.
- The Median household income of a Damascus (zip 20872) resident is $127,604 a year. The US average is $69,021 a year.