Ferndale, MD is a small town located in Anne Arundel County. It has a variety of local companies including shops, restaurants, and other businesses that offer quality goods and services to the community. The cost of living in Ferndale is slightly higher than other parts of the US as the 2 bedroom rent averages $1,680 compared to $1,430 nationally and the Grocery Cost Index is 102 versus 100 in the US. Despite this higher rate of living costs, it is still a desirable place to live due to its proximity to regional attractions such as Baltimore Inner Harbor and Annapolis Harbor.
Ferndale has an unemployment rate of 4.9%. The US average is 6.0%.
Ferndale 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 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Ferndale
- The Sales Tax Rate for Ferndale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ferndale is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ferndale
- The average income of a Ferndale resident is $32,702 a year. The US average is $37,638 a year.
- The Median household income of a Ferndale resident is $77,613 a year. The US average is $69,021 a year.