Barnesville, MD is a small town located in Montgomery County that offers a peaceful and friendly atmosphere to its residents. Residents of Barnesville can enjoy access to many local businesses such as The Barnesville School of Arts, The Barnesville Inn Restaurant, and The Boar's Head Pub & Sports Bar. Despite its small size, life in Barnesville provides plenty of amenities for its citizens. The cost of living is slightly higher than the US average with an average two bedroom rent at $1,650 compared to the national average of $1,430. Grocery costs are also slightly higher than the average with an index rating of 115 versus 100 in the US; however this difference is relatively small given how little taxes and other expenses tend to be in Barnesville.
Barnesville has an unemployment rate of 5.7%. The US average is 6.0%.
Barnesville has seen the job market decrease by -6.5% 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 Barnesville
- The Sales Tax Rate for Barnesville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Barnesville 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 Barnesville
- The average income of a Barnesville resident is $69,473 a year. The US average is $37,638 a year.
- The Median household income of a Barnesville resident is $0 a year. The US average is $69,021 a year.