Allen, MD Economy


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Allen, MD is a small town in Maryland that has an estimated population of 2,000 people. The town is known for its quaint atmosphere and friendly citizens. Despite its small size, Allen offers many amenities to its residents. The cost of living in Allen is fairly low compared to other parts of the state, with a two bedroom rent averaging around $970 compared to the US average of $1,430. Grocery costs are also lower than the average US index at 106 versus 100.
There are many local businesses such as ABC store, Mill's Express Mart, and Blubird Market that provide a variety of services for residents in Allen. ABC Store is one of the oldest stores in the area and offers both retail goods and fresh produce. Mill's Express Mart is a convenience store that has been serving the locals since 1975 while Blubird Market provides organic food options as well as locally grown produce from surrounding area farms. All three businesses have become staples within the community since their inception and provide essential goods and services for their neighbors in Allen.

Allen has an unemployment rate of 6.6%. The US average is 6.0%.

Allen 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 Allen
- The Sales Tax Rate for Allen is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Allen 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 Allen
- The average income of a Allen resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Allen resident is $118,537 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllen, MarylandUnited States
  6.66
  -6.7%-6.2%
  28.0%33.5%
  6.0%6.2%
  8.0%4.6%
  $39,108$37,638
  $118,537$69,021
  $118,537$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  23.1%11.0%
  0.0%4.8%
  0.0%0.8%
  32.1%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  20.8%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  24.1%4.7%
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