Fort Washington, MD, is a vibrant city located just south of the nation's capital. With its close proximity to Washington D.C., Fort Washington offers convenient access to many of the nation's leading businesses, world-class education institutions, and unique attractions. The cost of living in this area is slightly higher than other parts of Maryland, but you get value for your money with 2-bedroom rental prices estimated at $1,670 compared to the US average of $1,430. Grocery costs are also slightly higher at 108 versus the national index of 100. The local economy is strong and there are plenty of companies offering employment opportunities such as Booz Allen Hamilton, Deloitte Touche Tohmatsu Limited, General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation and Sodexo USA Inc. There are also plenty of amenities available in Fort Washington such as numerous parks including Piscataway National Park where you can explore nature trails or Mason Neck State Park for kayak rentals. The town also has a number of tasty restaurants offering cuisines from all over the world and shopping centers providing global brands for all your needs.
Fort Washington has an unemployment rate of 7.8%. The US average is 6.0%.
Fort Washington has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Fort Washington
- The Sales Tax Rate for Fort Washington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Washington 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 Fort Washington
- The average income of a Fort Washington resident is $45,073 a year. The US average is $28,555 a year.
- The Median household income of a Fort Washington resident is $127,587 a year. The US average is $69,021 a year.