Eagle Harbor, MD is a small city located on Maryland’s Eastern Shore. The city boasts a variety of amenities, such as beaches, parks, and golf courses. It also has numerous small businesses and local companies that contribute to its economy. The cost of living in Eagle Harbor is higher than other cities in the region because of the two-bedroom rent averaging at $1,900 compared to the US average of $1,430. Furthermore, the grocery costs index in Eagle Harbor is 106 compared to 100 in the US. But despite this, Eagle Harbor remains an attractive destination for residents due to its recreational activities and local businesses such as Bayside Groceries & Deli, Bay Breeze Yacht Charters and Chesapeake Watersports Rentals.
Eagle Harbor has an unemployment rate of 7.8%. The US average is 6.0%.
Eagle Harbor has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Eagle Harbor
- The Sales Tax Rate for Eagle Harbor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Eagle Harbor 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 Eagle Harbor
- The average income of a Eagle Harbor resident is $60,028 a year. The US average is $37,638 a year.
- The Median household income of a Eagle Harbor resident is $68,646 a year. The US average is $69,021 a year.