Woodsboro, MD Economy


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Woodsboro, MD is a small town located in Frederick County. It is known for its rural charm and convenience to larger nearby cities like Baltimore and Washington D.C. The average rent for a two-bedroom apartment in Woodsboro is $1,040, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Woodsboro is 108 versus 100 in the US. Local companies include Just Chill Cafe & Ice Cream Parlor and Green Valley Auto Repair & Tire Center. These businesses offer great services to the local community with friendly staff and excellent customer service.

Woodsboro has an unemployment rate of 4.9%. The US average is 6.0%.

Woodsboro 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 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Woodsboro
- The Sales Tax Rate for Woodsboro is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodsboro is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Woodsboro
- The average income of a Woodsboro resident is $38,483 a year. The US average is $28,555 a year.
- The Median household income of a Woodsboro resident is $123,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodsboro, MarylandUnited States
  4.96
  -6.5%-6.2%
  31.1%33.5%
  6.0%6.2%
  7.7%4.6%
  $49,384$37,638
  $123,333$69,021
  $134,604$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  7.4%6.8%
  7.9%10.0%
  1.9%2.5%
  6.5%11.0%
  3.1%4.8%
  0.4%0.8%
  1.2%1.9%
  3.4%4.7%
  2.2%1.9%
  8.9%7.6%
  0.0%0.1%
  1.6%4.2%
  8.3%9.3%
  28.3%14.0%
  1.1%2.1%
  3.4%7.0%
  5.7%4.8%
  8.1%4.7%
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