Charles, MD County is an excellent place to live for those looking for a good balance of affordability and access to amenities. The average rent for a 2 bedroom apartment in Charles, MD County is $1,840 which is over $400 more than the national average. Additionally, the grocery cost index is 108 compared to 100 nationally, affirming Charles County as an expensive area in terms of housing costs and other necessities.
Charles County is home to some notable companies such as Boeing Company, CSC Government Solutions, General Dynamics Information Technology Inc., Lockheed Martin Corporation, and Southern Maryland Electric Cooperative. These major employers drive economic growth in the area and provide plenty of opportunity for residents. Overall, Charles County's high cost of living contrasts with its access to numerous businesses that offer employment security and career development.
Charles County has an unemployment rate of 5.9%. The US average is 6.0%.
Charles County 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Charles County
- The Sales Tax Rate for Charles County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Charles County is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Charles County
- The average income of a Charles County resident is $37,223 a year. The US average is $28,555 a year.
- The Median household income of a Charles County resident is $107,808 a year. The US average is $69,021 a year.