Bagtown, MD is a great place to live for many reasons. It has an affordable 2 bedroom rent of $1,050 compared to the national average of $1,430; and its grocery cost index is also far lower than the US average at 104 versus 100. On top of that, Bagtown has a vibrant business community with many well-known companies such as ABC Grocery Store, XYZ Manufacturing Plant, and 123 Co-op Outlet. All these businesses offer locals job opportunities and contribute to the local economy in various ways. Additionally, Bagtown is full of attractions like parks and museums that make it an enjoyable place for everyone to live in. In short, Bagtown is an economic powerhouse with great local amenities and a low cost of living.
Bagtown has an unemployment rate of 5.6%. The US average is 6.0%.
Bagtown 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 Bagtown
- The Sales Tax Rate for Bagtown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bagtown 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 Bagtown
- The average income of a Bagtown resident is $35,811 a year. The US average is $28,555 a year.
- The Median household income of a Bagtown resident is $115,066 a year. The US average is $69,021 a year.