Cordova, MD is a small town with a friendly and welcoming atmosphere. It is home to major companies such as All Web Design, Chesapeake Environmental and Manufacturing Solutions, and the Cordova School District. The 2 bedroom rent in this area is only $1,220 which is significantly cheaper than the US average of $1,430. Additionally, the grocery cost index in Cordova is 102 versus 100 nationwide, making it an affordable place to live. With its strong job market and low cost of living, it’s no wonder why more people are considering moving to Cordova.
Cordova has an unemployment rate of 5.4%. The US average is 6.0%.
Cordova has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Cordova
- The Sales Tax Rate for Cordova is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cordova is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cordova
- The average income of a Cordova resident is $28,296 a year. The US average is $28,555 a year.
- The Median household income of a Cordova resident is $84,286 a year. The US average is $69,021 a year.