Downsville, MD is a small town located in Maryland. It is known for its affordable housing options with 2 bedroom rent averaging at $1,030 compared to the US average of $1,430. It also has a low cost of living as evidenced by its Grocery Cost Index which is 106 versus the US index of 100. The town boasts many local businesses such as Smith's Hardware Store, Downsville Pharmacy and Steakhouse, and Johnson's Garage. All of these companies work together to make Downsville an enjoyable place to live.
Downsville has an unemployment rate of 5.6%. The US average is 6.0%.
Downsville has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Downsville
- The Sales Tax Rate for Downsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Downsville is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Downsville
- The average income of a Downsville resident is $38,031 a year. The US average is $37,638 a year.
- The Median household income of a Downsville resident is $0 a year. The US average is $69,021 a year.