Bishopville, MD is a small town with an affordable cost of living. The average 2 bedroom rent in Bishopville is $1120 whereas the US average is $1430, making it an attractive option for people looking to save money on housing. Furthermore, the Grocery Cost Index in Bishopville is 108 versus 100 in the US which shows that food costs are also relatively low compared to most other areas. Local companies in Bishopville include Bishopville Market, Berg’s Hardware Store and Dean’s Auto Repair Shop. All three local companies provide quality services and goods while remaining competitively priced. With its affordability and variety of local businesses, Bishopville offers many advantages for both businesses and residents alike.
Bishopville has an unemployment rate of 9.9%. The US average is 6.0%.
Bishopville 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 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Bishopville
- The Sales Tax Rate for Bishopville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bishopville is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bishopville
- The average income of a Bishopville resident is $38,936 a year. The US average is $28,555 a year.
- The Median household income of a Bishopville resident is $78,068 a year. The US average is $69,021 a year.