Calverton, MD is a great place to live with many local businesses. It's home to many restaurants and stores as well as professional services like banks and medical centers. The cost of living in Calverton is slightly higher than the national average, with 2 bedroom rent being $1,840 compared to $1,430 nationally. Grocery costs here are also slightly higher at 110 versus 100 nationally. Despite this increased cost of living, there are plenty of employment opportunities in the area that make up for it. Local companies like Calverton Electric and Calverton Plumbing offer competitive wages and benefits packages that keep people coming back to work for them year after year.
Calverton has an unemployment rate of 5.7%. The US average is 6.0%.
Calverton has seen the job market increase by 0.8% 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 Calverton
- The Sales Tax Rate for Calverton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calverton 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 Calverton
- The average income of a Calverton resident is $37,510 a year. The US average is $28,555 a year.
- The Median household income of a Calverton resident is $100,218 a year. The US average is $69,021 a year.