Fort Meade, MD is a friendly suburb of Washington DC located in Anne Arundel County, Maryland. It is home to Fort George G. Meade, a US Army installation which houses over 39 thousand military personnel who work with the defense contractors located in the area. Local employers include NASA Goddard Space Flight Center, Georgia Pacific Dixie Products and Lockheed Martin's Center for Innovation. The average cost of living is higher than most other cities in the US due to its proximity to the political hub of Washington DC, as 2 bedroom rent is $2,090 compared to the U.S average of $1,430 and grocery cost index at 101 compared to 100 nationally.
Fort Meade has an unemployment rate of 4.9%. The US average is 6.0%.
Fort Meade has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Fort Meade
- The Sales Tax Rate for Fort Meade is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Meade is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Meade
- The average income of a Fort Meade resident is $21,263 a year. The US average is $28,555 a year.
- The Median household income of a Fort Meade resident is $92,603 a year. The US average is $69,021 a year.