Waldorf, MD is a city located in the state of Maryland that has seen tremendous growth in recent years. It has become known for its bustling economy, high quality of life and rich cultural diversity. The average rent for a two-bedroom apartment in Waldorf is $1,840, more than 10% higher than the national average. Additionally, the grocery cost index in Waldorf is 8% higher than the US average. Many businesses have profited from this growth and now call Waldorf home such as MedStar Health, Procter & Gamble, and Lockheed Martin. With its downtown revitalization program providing new opportunities and its convenient access to Washington D.C., Waldorf is quickly becoming one of the most desirable areas to live in Maryland.
Waldorf has an unemployment rate of 5.9%. The US average is 6.0%.
Waldorf 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Waldorf
- The Sales Tax Rate for Waldorf is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waldorf 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 Waldorf
- The average income of a Waldorf resident is $34,431 a year. The US average is $28,555 a year.
- The Median household income of a Waldorf resident is $103,611 a year. The US average is $69,021 a year.