Cobb Island, MD is a small town located in Maryland with a population of approximately 1,000 people. It is situated on the Potomac River and has many local businesses such as the Waterman's Crabhouse, Cobb Island Grocery Store, and The Wharf Cafe & Grill. Rent for a two bedroom apartment is slightly higher than the US average at $1,680 per month. The grocery cost index in Cobb Island is also higher than the US average at 107 versus 100 in the US. Overall, Cobb Island makes for a lovely location to live; from its beautiful views to its locally owned businesses it provides an enjoyable atmosphere that can't be felt anywhere else.
Cobb Island has an unemployment rate of 5.9%. The US average is 6.0%.
Cobb Island has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Cobb Island
- The Sales Tax Rate for Cobb Island is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cobb Island is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cobb Island
- The average income of a Cobb Island resident is $34,724 a year. The US average is $28,555 a year.
- The Median household income of a Cobb Island resident is $116,674 a year. The US average is $69,021 a year.