Benedict, MD is a great place to live with plenty of amenities available. It has an average 2 bedroom rent of $1,300 which is slightly lower than the US average of $1,430. Local companies such as Benedict Energy Co-op, the county government office building in Charles County, and the Benedict Community Center offer quality services to residents. Grocery costs in Benedict are also slightly higher than the national average at 108 compared to 100. All in all, living in Benedict is quite affordable and offers great benefits to locals.
Benedict has an unemployment rate of 5.9%. The US average is 6.0%.
Benedict 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Benedict
- The Sales Tax Rate for Benedict is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benedict is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Benedict
- The average income of a Benedict resident is $24,776 a year. The US average is $37,638 a year.
- The Median household income of a Benedict resident is $0 a year. The US average is $69,021 a year.