Dundalk, MD is a city with a strong sense of community and many local businesses. It’s known for its charming neighborhoods, sprawling parks, and low cost of living. The average rental price for a two bedroom in Dundalk is $1,380 compared to $1,430 in the US. Grocery prices in the area are also lower than the national average with an index score of 99 versus 100 in the US. Local business such as Dundalk Discount Grocers, Ryan's Supermarket, and Royal Farms provide residents with competitive prices on food and other goods. The relatively affordable housing options combined with the low cost groceries make it an attractive place to live.
Dundalk has an unemployment rate of 6.0%. The US average is 6.0%.
Dundalk 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 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Dundalk
- The Sales Tax Rate for Dundalk is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dundalk 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 Dundalk
- The average income of a Dundalk resident is $23,383 a year. The US average is $28,555 a year.
- The Median household income of a Dundalk resident is $58,203 a year. The US average is $69,021 a year.