Chesapeake Beach, MD Economy


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Chesapeake Beach, MD is a vibrant beach town located in Calvert County. It's home to several local businesses including the Chesapeake Beach Resort & Spa, Calvert Cliffs Restaurant & Bar, and the Fishing Creek Market. The resort offers luxurious accommodations and various activities like sailing, fishing, kayaking, sunbathing and more. The restaurant serves up delicious seafood dishes while the market provides fresh produce and groceries for locals and visitors alike. Additionally, Chesapeake Beach has much to offer in terms of shopping; there are several clothing stores as well as boutiques selling unique items from local artisans. With its wide variety of activities and attractions, it's no wonder why Chesapeake Beach is so popular with tourists every year!

Chesapeake Beach has an unemployment rate of 4.5%. The US average is 6.0%.

Chesapeake Beach has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Chesapeake Beach
- The Sales Tax Rate for Chesapeake Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake Beach is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Chesapeake Beach
- The average income of a Chesapeake Beach resident is $38,913 a year. The US average is $28,555 a year.
- The Median household income of a Chesapeake Beach resident is $120,194 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChesapeake Beach, MarylandUnited States
  4.56
  -6.5%-6.2%
  37.3%33.5%
  6.0%6.2%
  7.8%4.6%
  $55,071$37,638
  $120,194$69,021
  $138,447$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.2%6.8%
  4.1%10.0%
  2.8%2.5%
  5.2%11.0%
  0.8%4.8%
  0.2%0.8%
  2.0%1.9%
  7.5%4.7%
  1.2%1.9%
  10.3%7.6%
  0.0%0.1%
  2.9%4.2%
  15.8%9.3%
  9.1%14.0%
  3.1%2.1%
  4.1%7.0%
  5.4%4.8%
  18.3%4.7%
Reviews for Chesapeake Beach
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Over 16 years ago

nice neighbors close community very friendly and great  More

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