Colesville, MD is a great place to live with many amenities and local companies. The city has an abundance of parks, recreational activities, restaurants, and shops. Some of the most popular companies in Colesville are Wegmans, Giant Food, Subway, Target, and Starbucks. The cost of living in Colesville is slightly higher than the US average. Rent for a two bedroom apartment averages around $1,930 while rent for the same type of apartment across the US averages around $1,430. Additionally, groceries tend to be more expensive in Colesville; the Grocery Cost Index is 111 compared to 100 in the US.
Colesville has an unemployment rate of 5.7%. The US average is 6.0%.
Colesville 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 Colesville
- The Sales Tax Rate for Colesville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colesville 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 Colesville
- The average income of a Colesville resident is $43,989 a year. The US average is $28,555 a year.
- The Median household income of a Colesville resident is $129,102 a year. The US average is $69,021 a year.