Columbia, MD is a great place to live due to its close proximity to the nation's capital. The median rent for two-bedroom apartments in Columbia is $2,020, which is higher than the national average of $1,430. Additionally, the cost of groceries in Columbia has an index of 105 compared to the US index of 100. These prices reflect Columbia's status as a thriving city with many opportunities. Notable businesses in this area include L3Harris Technologies, Northrop Grumman Corporation and Booz Allen Hamilton. Furthermore, Howard County Public School System is one of the top public school systems nationwide, making Columbia an ideal location for families looking for quality education options.
Columbia has an unemployment rate of 4.5%. The US average is 6.0%.
Columbia has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Columbia
- The Sales Tax Rate for Columbia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia 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 Columbia
- The average income of a Columbia resident is $47,232 a year. The US average is $28,555 a year.
- The Median household income of a Columbia resident is $113,592 a year. The US average is $69,021 a year.