Woodmore, MD is a suburban town located near Washington D.C. with plenty of outdoor activities for people to enjoy. For potential renters, Woodmore offers 2 bedrooms at $2,310 compared to the US average of $1,430. Individuals looking for employment opportunities will find many local companies in the area such as Target, Safeway, CarMax, Amazon, and Lockheed Martin. Shopping for groceries in Woodmore is also more expensive than the national average with an index of 110 versus 100. Despite the higher costs of rent and grocery shopping in Woodmore compared to other areas across the nation, this city provides its residents with a great amount of amenities and employment opportunities that make it a desirable place to live.
Woodmore has an unemployment rate of 7.8%. The US average is 6.0%.
Woodmore 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 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Woodmore
- The Sales Tax Rate for Woodmore is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodmore 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 Woodmore
- The average income of a Woodmore resident is $58,385 a year. The US average is $28,555 a year.
- The Median household income of a Woodmore resident is $174,200 a year. The US average is $69,021 a year.