Port Deposit, MD is a small town located in Cecil County, on the north side of the Susquehanna River. It is known for its charming historic district, peaceful waterfront views, and abundance of outdoor recreation opportunities. Local businesses include J&M Tack and Feed, The Olde Towne Inn Restaurant & Pub, and Port Deposit Car Care Center. Rent for two-bedroom homes in Port Deposit is slightly lower than the U.S. average at just $1,270 per month, while grocery costs are slightly higher with an index of 102 compared to 100 in the U.S. Overall, Port Deposit is an attractive place to live for those looking for peace and quiet while still having access to all the amenities one might need.
Port Deposit has an unemployment rate of 5.3%. The US average is 6.0%.
Port Deposit 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 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Port Deposit
- The Sales Tax Rate for Port Deposit is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Port Deposit 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 Port Deposit
- The average income of a Port Deposit resident is $32,395 a year. The US average is $28,555 a year.
- The Median household income of a Port Deposit resident is $50,833 a year. The US average is $69,021 a year.