Elkridge, MD is a great place to live with many advantages over other areas in the US. The 2 bedroom rent price in Elkridge, MD is $2,110, which is about $680 more expensive than the national average of $1,430. Additionally, grocery cost index in Elkridge is 104 versus 100 in the US on average. There are several local companies that call Elkridge home including Aeronautical Systems Inc., Endeavor Technologies Inc., and AI Technology Inc. In comparison to other cities in the US, Elkridge offers an affordable living situation and proximity to major business hubs like Baltimore and Washington D.C., making it an ideal location for those who want an affordable cost of living without sacrificing access to job opportunities or recreation destinations.
Elkridge has an unemployment rate of 4.5%. The US average is 6.0%.
Elkridge has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Elkridge
- The Sales Tax Rate for Elkridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elkridge 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 Elkridge
- The average income of a Elkridge resident is $46,434 a year. The US average is $37,638 a year.
- The Median household income of a Elkridge resident is $119,856 a year. The US average is $69,021 a year.