Deal Island, MD is an idyllic and quaint community located on the Eastern Shore of Maryland. It is known for its picturesque coastal views and spectacular sunsets. Renting a two bedroom in Deal Island, MD is much more affordable than other areas of the country with an average of $1,100 per month compared to the national average of $1,430. Additionally, grocery costs are also lower in Deal Island with a Grocery Cost Index of 102 compared to the US index of 100. The local economy relies on fishing and oyster harvesting as well as small businesses such as Jay's Seafood Market, Deal Island Pharmacy, H&L Hardware Store, and Delmarva Variety Store. Residents take great pride in their tight-knit community and enjoy sharing their beloved island with visitors from around the world.
Deal Island has an unemployment rate of 7.4%. The US average is 6.0%.
Deal Island has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Deal Island
- The Sales Tax Rate for Deal Island is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Deal Island is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Deal Island
- The average income of a Deal Island resident is $21,316 a year. The US average is $37,638 a year.
- The Median household income of a Deal Island resident is $19,674 a year. The US average is $69,021 a year.