Catonsville, MD is a popular city located in Baltimore County. The area is known for its many local businesses, such as Catonsville Pharmacy, EZ Storage Solutions, and Catonsville Ace Hardware. Residents in Catonsville enjoy a relatively low cost of living compared to other areas in Baltimore County; two bedroom apartments can be rented for around $1,610 per month, which is significantly lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Catonsville is 103 as opposed to 100 in the US. Therefore residents experience an overall cost savings when living in Catonsville.
Catonsville has an unemployment rate of 6.0%. The US average is 6.0%.
Catonsville has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Catonsville
- The Sales Tax Rate for Catonsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Catonsville is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Catonsville
- The average income of a Catonsville resident is $35,687 a year. The US average is $28,555 a year.
- The Median household income of a Catonsville resident is $93,481 a year. The US average is $69,021 a year.