Darnestown, MD Economy


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Darnestown, MD is an affluent town located in Montgomery County, just outside of Washington DC. The average rent for a two-bedroom apartment is $2,020, which is significantly higher than the US average of $1,430. Additionally, Darnestown has a grocery cost index of 112 compared to the US average of 100. The area is home to several major companies such as Lockheed Martin and Kaiser Permanente. Darnestown also features multiple parks and outdoor recreation areas like Needwood Lake Park and Darnestown Pineland Conservation Park. With its many amenities and close proximity to Washington DC, it's no wonder why so many people choose to live in Darnestown!

Darnestown has an unemployment rate of 5.7%. The US average is 6.0%.

Darnestown 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 Darnestown
- The Sales Tax Rate for Darnestown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Darnestown 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 Darnestown
- The average income of a Darnestown resident is $65,928 a year. The US average is $28,555 a year.
- The Median household income of a Darnestown resident is $187,238 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDarnestown, MarylandUnited States
  5.76
  -6.5%-6.2%
  31.0%33.5%
  6.0%6.2%
  8.0%4.6%
  $91,462$37,638
  $187,238$69,021
  $240,431$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.4%6.8%
  1.9%10.0%
  0.3%2.5%
  20.2%11.0%
  1.0%4.8%
  0.0%0.8%
  2.3%1.9%
  5.8%4.7%
  0.8%1.9%
  27.1%7.6%
  0.0%0.1%
  1.6%4.2%
  11.6%9.3%
  7.0%14.0%
  0.8%2.1%
  3.2%7.0%
  4.8%4.8%
  10.1%4.7%
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