Hyattsville, MD is a vibrant area located near Washington DC that offers plenty of amenities and attractions. The city is known for its diverse restaurants, unique shopping experiences, and thriving nightlife scene. In terms of housing, two bedroom apartments in Hyattsville currently rent for $1,650 while the same across the US costs $1,430 - meaning that living in Hyattsville can be more expensive than other places. Additionally, grocery cost index in Hyattsville is 109 versus 100 in the US - meaning groceries are more expensive as well.
Hyattsville has a number of great local companies such as The Busboys and Poets restaurant chain, Urban ReThink marketing firm, Art Whino art gallery and boutique retailer H&Co Store Boutique. All these businesses offer opportunities to both locals and visitors alike to explore different aspects of this fantastic city. In comparison with the whole country, Hyattsville stands out as an area with higher rental rates and grocery costs but abundant activities and entertainment options that make it worth visiting or even settling down at.
Hyattsville has an unemployment rate of 7.8%. The US average is 6.0%.
Hyattsville has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Hyattsville
- The Sales Tax Rate for Hyattsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hyattsville 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 Hyattsville
- The average income of a Hyattsville resident is $29,252 a year. The US average is $28,555 a year.
- The Median household income of a Hyattsville resident is $84,763 a year. The US average is $69,021 a year.