Cresaptown, MD is a great place for those looking to find an affordable rental home. With a 2 bedroom rent of $860, it is much lower than the national average of $1,430. Cresaptown also offers a good cost of living with grocery costs indexing at 101 compared to the US average of 100.
The town is home to several companies such as Allegany County Public Schools, Potomac Edison and Spherion Staffing Services which offer employment opportunities. In addition, Cresaptown has plenty of recreational activities such as nearby state parks and lakes. It also offers many restaurants and stores for shopping needs.
All these factors make Cresaptown, MD an attractive place to live in with its low housing costs, excellent education system and great local amenities.
Cresaptown has an unemployment rate of 6.9%. The US average is 6.0%.
Cresaptown has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Cresaptown
- The Sales Tax Rate for Cresaptown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cresaptown 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 Cresaptown
- The average income of a Cresaptown resident is $16,156 a year. The US average is $28,555 a year.
- The Median household income of a Cresaptown resident is $52,281 a year. The US average is $69,021 a year.