Tilghmanton, MD is a small town located in Charles County. The town is home to many local businesses including Tilghmanton Home Supplies, Tilghmanton Pharmacy, and Valley Auto Repair. The local real estate market is booming with average 2 bedroom rents at $1,490 compared to the national average of $1,430. Additionally, the grocery cost index for Tilghmanton is 107 versus 100 in the US indicating an above-average cost of living in this area.
Tilghmanton has an unemployment rate of 5.6%. The US average is 6.0%.
Tilghmanton 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 Tilghmanton
- The Sales Tax Rate for Tilghmanton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tilghmanton 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 Tilghmanton
- The average income of a Tilghmanton resident is $31,190 a year. The US average is $28,555 a year.
- The Median household income of a Tilghmanton resident is $91,223 a year. The US average is $69,021 a year.