Cedarville, MD is a small town located in the State of Maryland. The cost of living in Cedarville is higher than the national average, with two bedroom rental costs being $2,250 per month compared to $1,430 nationally. Additionally, groceries are more expensive here as well with a grocery cost index of 109 compared to 100 nationally. Although living is slightly more expensive in Cedarville, this small town offers charming amenities and friendly locals. Companies local to Cedarville include Barbour's Hardware Store which has been serving the community since 1880 and North Point Liquors offering an extensive selection of beers and wines. Other businesses include The Cozy Cafe & Bakery, a cozy eatery that serves up homemade baked goods and comfort food favorites; Fletchers Automotive, providing quality car repair services; and Bayview Auto Body for collision repair needs.
Cedarville has an unemployment rate of 7.8%. The US average is 6.0%.
Cedarville 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 Cedarville
- The Sales Tax Rate for Cedarville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cedarville 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 Cedarville
- The average income of a Cedarville resident is $43,479 a year. The US average is $28,555 a year.
- The Median household income of a Cedarville resident is $99,886 a year. The US average is $69,021 a year.