Jefferson, MD is a great place to live due to its low cost of living. The average 2 bedroom rent in Jefferson is $1,180 compared to the US average of $1,430. Additionally, groceries are reasonably priced with an index of 109 versus the US index of 100. It is also home to some notable companies such as Koons Ford Lincoln, Allstate Insurance and Manekin LLC. There are numerous shops, restaurants and entertainment venues in the area providing plenty of opportunities for residents and visitors alike.
Jefferson has an unemployment rate of 4.9%. The US average is 6.0%.
Jefferson has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Jefferson
- The Sales Tax Rate for Jefferson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jefferson is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Jefferson
- The average income of a Jefferson resident is $42,315 a year. The US average is $28,555 a year.
- The Median household income of a Jefferson resident is $120,000 a year. The US average is $69,021 a year.