Delmar, MD is a town located along the Delaware-Maryland border in Wicomico County. It boasts a charming small-town atmosphere and features plenty of opportunities for recreation. The cost of living is lower than most other US cities, making it an attractive destination for those looking to stretch their budget. Rent for two bedrooms is currently $1,160 compared to the national average of $1,430. Grocery costs are also particularly low with an index of 104 versus the national average of 100. Delmar is home to a variety of local businesses including Akers Furniture, Valley Tire & Auto Center, and Crossroads Family Restaurant. With its low cost of living and abundance of local amenities, Delmar has become an increasingly popular place to call home.
Delmar has an unemployment rate of 6.6%. The US average is 6.0%.
Delmar has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Delmar
- The Sales Tax Rate for Delmar is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Delmar 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 Delmar
- The average income of a Delmar resident is $21,414 a year. The US average is $28,555 a year.
- The Median household income of a Delmar resident is $66,987 a year. The US average is $69,021 a year.