Cloverly, MD is a suburban community located near Washington, DC. It has all the amenities of a small town, including restaurants, shops, and parks. The rent for a two-bedroom home is $1890 per month in Cloverly, which is higher than the US average of $1430. The grocery cost index in Cloverly is 112 compared to 100 in the US as a whole. There are several local businesses that make up the economy of Cloverly like D&A Automotive, Corganics Wellness Center, and Harrisons Hair Salon. These businesses provide the residents with services and products that can be hard to come by elsewhere.
Cloverly has an unemployment rate of 5.7%. The US average is 6.0%.
Cloverly has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Cloverly
- The Sales Tax Rate for Cloverly is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cloverly is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cloverly
- The average income of a Cloverly resident is $45,302 a year. The US average is $28,555 a year.
- The Median household income of a Cloverly resident is $134,978 a year. The US average is $69,021 a year.