Mechanicsville, MD is an attractive place for renters and people looking to buy homes. The average cost of rent for a two-bedroom apartment in Mechanicsville is $1,500 which is slightly higher than the national average of $1,430. This makes Mechanicsville an ideal location for renters who are looking for a more affordable option than cities closer to DC. Grocery costs in Mechanicsville are also significantly lower than the national index, coming it at 107 versus 100 in the US. In addition to its affordability, Mechanicsville boasts a strong economy with local companies such as Raytheon Technologies, Honeywell International Inc., Lockheed Martin Corporation and Northrop Grumman Corporation providing jobs for residents. Overall, Mechanicsville offers competitive prices on housing compared to other areas while also offering close proximity to Washington D.C., making it an ideal location when compared to other cities in the US.
Mechanicsville has an unemployment rate of 4.3%. The US average is 6.0%.
Mechanicsville has seen the job market increase by 0.1% 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 Mechanicsville
- The Sales Tax Rate for Mechanicsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mechanicsville is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mechanicsville
- The average income of a Mechanicsville resident is $37,556 a year. The US average is $28,555 a year.
- The Median household income of a Mechanicsville resident is $104,572 a year. The US average is $69,021 a year.