Chance, MD is a great place to live due to its affordable living costs. Rent for a two bedroom apartment in Chance, MD is $1,100 compared to the US average of $1,430. Grocery Cost Index in Chance, MD is also relatively low compared to the US index at 102 versus 100. Apart from its affordability, Chance is home to many local companies such as Summer Kitchen Creations LLC, Bowen Electric Co Inc., and Thompson's Home Improvements LLC. It's easy to see why so many people choose Chance as their home - affordable living expenses and access to local businesses make for a great community.
Chance has an unemployment rate of 7.4%. The US average is 6.0%.
Chance has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Chance
- The Sales Tax Rate for Chance is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chance is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chance
- The average income of a Chance resident is $27,876 a year. The US average is $28,555 a year.
- The Median household income of a Chance resident is $55,288 a year. The US average is $69,021 a year.