Mardela Springs, MD is a small town in Maryland located near the Chesapeake Bay. The location offers easy access to several outdoor activities such as fishing, boating and hiking. Moreover, the median rent for two bedrooms in Mardela Springs is lower than the national average at $1,320 versus $1,430. In addition, the grocery cost index in Mardela Springs is higher than the US at 104 versus 100.
Mardela Springs has several local companies that are worth mentioning including Kensington Farms (organic farmstand), The Edge Gymnastics (gymnastics facility), and Coastal Kayaking Adventures (kayak tour company). Other well-known businesses include Marshyhope Market Place and Old Mill Town Gallery.
Mardela Springs has an unemployment rate of 6.6%. The US average is 6.0%.
Mardela Springs has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Mardela Springs
- The Sales Tax Rate for Mardela Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mardela Springs 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 Mardela Springs
- The average income of a Mardela Springs resident is $23,963 a year. The US average is $28,555 a year.
- The Median household income of a Mardela Springs resident is $85,815 a year. The US average is $69,021 a year.