St. Mary's, MD County is a great place to live due to its close proximity to major cities like Washington D.C., Baltimore and Annapolis. The average 2-bedroom rent in St. Mary's County is $1,600 which is higher than the national average of $1,430 per month. Additionally, the cost of groceries in St. Mary's County comes at an index rate of 108 which is slightly higher than the national average index rate of 100. This means that groceries are more expensive in St. Mary’s county compared to most other places in the US though this may be offset by lower housing costs than some larger cities with higher rates of rental prices like New York and San Francisco. There are many local businesses thriving in St. Mary’s County such as Chesapeake Marketplace and Blue Crabs Stadium which create many job opportunities for residents in the area as well as providing entertainment options for visitors and locals alike.
St. Mary's County has an unemployment rate of 4.3%. The US average is 6.0%.
St. Mary's County has seen the job market increase by 0.1% 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 St. Mary's County
- The Sales Tax Rate for St. Mary's County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Mary's 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 St. Mary's County
- The average income of a St. Mary's County resident is $36,602 a year. The US average is $28,555 a year.
- The Median household income of a St. Mary's County resident is $102,859 a year. The US average is $69,021 a year.