Perryman, MD Economy


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Perryman, MD is an idyllic small town located in Harford County that has become increasingly popular with both families and young professionals. Many local businesses are situated here, including a selection of restaurants, banks, supermarkets, gas stations, and other shops. Furthermore, two major employers in Perryman are Aberdeen Proving Grounds and Maryland State Police Barracks G.
The housing market in Perryman is quite affordable compared to the national average; at $1,360 for a 2 bedroom apartment it is significantly cheaper than the US average of $1,430. Additionally, local grocery prices are also more affordable than the national average – at 101 on the cost index versus 100 nationally. This makes Perryman an attractive choice for those looking for a more affordable lifestyle without compromising on amenities or quality of life.

Perryman has an unemployment rate of 5.0%. The US average is 6.0%.

Perryman has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.

Tax Rates for Perryman
- The Sales Tax Rate for Perryman is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Perryman 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 Perryman
- The average income of a Perryman resident is $24,899 a year. The US average is $28,555 a year.
- The Median household income of a Perryman resident is $62,269 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPerryman, MarylandUnited States
  56
  -6.2%-6.2%
  31.2%33.5%
  6.0%6.2%
  7.8%4.6%
  $29,075$37,638
  $62,269$69,021
  $64,561$85,028
  Population by Occupation
  0.0%1.2%
  0.9%0.5%
  12.3%6.8%
  4.8%10.0%
  3.3%2.5%
  21.1%11.0%
  12.9%4.8%
  0.0%0.8%
  1.3%1.9%
  2.4%4.7%
  1.3%1.9%
  5.1%7.6%
  0.0%0.1%
  8.2%4.2%
  4.2%9.3%
  3.8%14.0%
  0.0%2.1%
  7.2%7.0%
  3.6%4.8%
  7.6%4.7%
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