Beltsville, Maryland is located in the northern part of Prince Georges County and is home to many local companies. Major employers include the National Agricultural Library, RKL Resources, and US Genomics. The cost of living in Beltsville is slightly higher than the national average with 2 bedroom rent at $1,710 and a grocery cost index of 109 compared to 100 nationally. Despite this, it remains a desirable place to live for its proximity to both Washington DC and Baltimore, as well as its numerous parks and recreational activities.
Beltsville has an unemployment rate of 7.8%. The US average is 6.0%.
Beltsville 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 Beltsville
- The Sales Tax Rate for Beltsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beltsville 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 Beltsville
- The average income of a Beltsville resident is $28,172 a year. The US average is $28,555 a year.
- The Median household income of a Beltsville resident is $88,023 a year. The US average is $69,021 a year.