Colmar Manor, MD Economy


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Colmar Manor, MD is a bustling suburb located in Prince George's County. It has a population of 2,490 people according to the latest census data. It is known for its excellent school system and affordable housing compared to other neighboring cities. The average rent for a two-bedroom apartment in Colmar Manor is $1,630 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Colmar Manor is 108 versus 100 in the US, indicating that groceries may be more expensive.
In terms of local businesses, Colmar Manor offers residents a variety of shopping options from grocery stores such as Giant Food or Safeway to local specialty shops like Bob’s Fresh Meat Market or Icing on the Cake Bakery. There are also several restaurants located within Colmar Manor including La Fogata Mexican Restaurant and Mango Grove Indian Restaurant.

Colmar Manor has an unemployment rate of 7.8%. The US average is 6.0%.

Colmar Manor 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 Colmar Manor
- The Sales Tax Rate for Colmar Manor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colmar Manor 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 Colmar Manor
- The average income of a Colmar Manor resident is $21,904 a year. The US average is $28,555 a year.
- The Median household income of a Colmar Manor resident is $90,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColmar Manor, MarylandUnited States
  7.86
  -6.5%-6.2%
  34.4%33.5%
  6.0%6.2%
  8.0%4.6%
  $33,705$37,638
  $90,000$69,021
  $85,417$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  16.2%6.8%
  1.9%10.0%
  6.3%2.5%
  7.4%11.0%
  7.5%4.8%
  0.0%0.8%
  0.6%1.9%
  0.6%4.7%
  2.8%1.9%
  6.7%7.6%
  0.0%0.1%
  5.6%4.2%
  9.9%9.3%
  12.4%14.0%
  0.9%2.1%
  7.3%7.0%
  11.1%4.8%
  2.8%4.7%
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