Washington Grove, MD is a small town located in Montgomery County. It is known for its rich history and natural beauty, making it a popular destination for those looking to escape the hustle and bustle of city life. The two bedroom rent in Washington Grove is slightly higher than the national average, at $1,880 versus $1,430. The grocery cost index is also high at 111 versus the national average of 100. There are several businesses in the area including a hardware store, pharmacy, bank, café, restaurant, and wine bar. Because of its close proximity to larger cities like Washington D.C., Maryland’s capital city Baltimore, and Rockville there is ample opportunity for economic activity in the town.
Washington Grove has an unemployment rate of 5.7%. The US average is 6.0%.
Washington Grove has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Washington Grove
- The Sales Tax Rate for Washington Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Washington Grove is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Washington Grove
- The average income of a Washington Grove resident is $54,703 a year. The US average is $28,555 a year.
- The Median household income of a Washington Grove resident is $122,386 a year. The US average is $69,021 a year.