Economy in Damascus, Maryland
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Economy
| Unemployment Rate | 5.00% | 9.10% |
| Recent Job Growth | 1.47% | -0.12% |
| Future Job Growth | 37.94% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 7.95% | 6.25% |
| Income per Cap. | $35,900 | $27,067 |
| Household Income | $95,736 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 2.95% | 12.10% |
| Income between 15K and 25K | 4.07% | 10.18% |
| Income between 25K and 35K | 3.90% | 10.56% |
| Income between 35K and 50K | 7.25% | 14.98% |
| Income between 50K and 75K | 15.09% | 19.53% |
| Income between 75K and 100K | 19.74% | 12.52% |
| Income between 100K and 150K | 27.73% | 12.14% |
| Income between 150K and 250K | 13.08% | 3.91% |
| Income between 250K and 500K | 4.89% | 3.34% |
| Income greater than 500K | 1.29% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.00% | 13.81% |
| Professional and Related Occupations | 24.94% | 22.68% |
| Service | 14.56% | 14.51% |
| Sales and Office | 24.52% | 25.22% |
| Farming, Fishing, and Forestry | 0.43% | 0.68% |
| Construction, Extraction, and Maintenance | 10.50% | 9.37% |
| Production, Transportation, and Material Moving | 9.51% | 15.86% |
The unemployment rate in Damascus, MD, is 5.00%, with job growth of 1.47%. Future job growth over the next ten years is predicted to be 37.94%.
Damascus, MD Taxes
Damascus, MD,sales tax rate is 6.00%. Income tax is 7.95%.
Damascus, MD Income and Salaries
The income per capita is $35,900, which includes all adults and children. The median household income is $95,736.
Damascus Economy SperlingViews
Philip Anderson on Damascus: beautiful surrounding countryside, lots of amenities concentrated nearby, and great natural recreation within 12 to 50 minutes: forest preserve, golf, C&O Canal tow... (read more)Way too expensive for the offerings: Damascus is located in the "prestigious" Montgomery County MD, located between Washington DC and Baltimore MD. One of the problems is that Damascus is upper northern... (read more)Have an opinion about Damascus? Leave a commentTo See All SperlingViews for Damascus Click Here
