Charlestown, Maryland is a small town on the Eastern Shore of Maryland located in Queen Anne’s County. It is a charming rural community with rolling hills and lush farmland. The cost of living in Charlestown is slightly higher than the national average, with two bedroom rent costing $1,500 compared to the US average of $1,430. Additionally, grocery costs are indexed at 101 versus the national index of 100. The area has an array of local businesses to choose from such as Towne & Country Pizza and Pizzeria, La Posta Italian Restaurant and Bar, Sandalwoods Seafood & Steakhouse, and M&T Bank. There are plenty of things to do including visiting historical sites as well as outdoor activities like fishing or biking in one of its many parks.
Charlestown has an unemployment rate of 5.3%. The US average is 6.0%.
Charlestown has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Charlestown
- The Sales Tax Rate for Charlestown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Charlestown 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 Charlestown
- The average income of a Charlestown resident is $33,103 a year. The US average is $28,555 a year.
- The Median household income of a Charlestown resident is $82,188 a year. The US average is $69,021 a year.