Chesapeake Ranch Estates, MD is a small community in the eastern part of Maryland. This area has been growing over the years with a population of around 3,500 people. Home to many great attractions, such as the Calvert Cliffs State Park and Flag Ponds Nature Park, Chesapeake Ranch Estates offers something for everyone. With an affordable cost of living, two bedroom rent in this area averages $1,510 versus the US average of $1,430 making it an attractive place to live. Additionally, the grocery cost index for this area is 106 versus 100 in the US. There are many local businesses in the area such as Mike's Grocery Store, Calvert County Library, and Ridgely’s Plumbing. The local schools provide great education opportunities for children and families while local eateries like Joe's Crab Shack provide delicious seafood options for locals and visitors alike.
Chesapeake Ranch Estates has an unemployment rate of 4.5%. The US average is 6.0%.
Chesapeake Ranch Estates has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Chesapeake Ranch Estates
- The Sales Tax Rate for Chesapeake Ranch Estates is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake Ranch Estates 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 Chesapeake Ranch Estates
- The average income of a Chesapeake Ranch Estates resident is $31,024 a year. The US average is $28,555 a year.
- The Median household income of a Chesapeake Ranch Estates resident is $94,983 a year. The US average is $69,021 a year.