Frostburg, MD is an amazing city with a population of 8,717 people. It has a wide variety of local businesses such as Frostburg Hardware Inc., Frostburg Home Pharmacy, and Quality Flooring Plus. The cost of living in Frostburg is very affordable with the average rent for a two bedroom apartment costing $880 compared to the US average of $1,430. Furthermore, Frostburg's Grocery Cost Index is 102, slightly higher than the US index of 100. All in all, it's easy to see why so many people are choosing to move to Frostburg.
Frostburg has an unemployment rate of 6.9%. The US average is 6.0%.
Frostburg has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Frostburg
- The Sales Tax Rate for Frostburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frostburg is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frostburg
- The average income of a Frostburg resident is $18,197 a year. The US average is $28,555 a year.
- The Median household income of a Frostburg resident is $44,327 a year. The US average is $69,021 a year.