East New Market, MD is a small town located in Dorchester County. It offers residents affordable living with two bedroom rents at $990 compared to the US average of $1,430. The town also has a grocery cost index of 101, slightly higher than the national average. East New Market is home to many local businesses such as The Clubhouse Restaurant and Cafe, Bay Shore Marina and Welcome Home Farms. The Clubhouse Restaurant offers classic dishes with a modern twist while Bay Shore Marina provides boat access to the Chesapeake Bay for recreational activities like fishing and boating. Welcome Home Farms is an eco-friendly farm that sells locally grown produce and hosts educational tours for visitors.
East New Market has an unemployment rate of 6.3%. The US average is 6.0%.
East New Market has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for East New Market
- The Sales Tax Rate for East New Market is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East New Market is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for East New Market
- The average income of a East New Market resident is $21,110 a year. The US average is $28,555 a year.
- The Median household income of a East New Market resident is $56,250 a year. The US average is $69,021 a year.