Edgemont, MD is a small town located in Maryland. It is a perfect spot for those who love nature because of its close proximity to the Chesapeake Bay and its access to miles of wooded trails. The cost of living here is quite reasonable compared to other parts of the country with a 2 bedroom rent being only $1,110 which is much lower than the US average of $1,430. Grocery costs are also relatively low with an index score of 107 versus 100 in the US. There are many local businesses that make this town unique such as Edgemont Pharmacy, Edgemont Cafe, and Edgemont Outfitters. Residents also have access to several banks and medical facilities in the area. All these things make Edgemont a great place to live and work.
Edgemont has an unemployment rate of 5.6%. The US average is 6.0%.
Edgemont has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Edgemont
- The Sales Tax Rate for Edgemont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edgemont is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Edgemont
- The average income of a Edgemont resident is $38,441 a year. The US average is $28,555 a year.
- The Median household income of a Edgemont resident is $82,647 a year. The US average is $69,021 a year.