Fulton, MD is a vibrant community located in the heart of Maryland. It is home to several local businesses such as Cornerstone Business Solutions, Epic IT Services and Palisades Realty Group. With its close proximity to Washington D.C., Fulton offers residents access to a wealth of educational and economic opportunities. The city boasts a diverse range of cultural activities like art galleries and performing arts venues for entertainment and education. In addition, Fulton has an affordable cost of living with a two bedroom rent averaging $2,090 compared to the US average of $1,430. Furthermore, Fulton has an index of 110 for groceries which is 10 points higher than the national average.
Fulton has an unemployment rate of 4.5%. The US average is 6.0%.
Fulton 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 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Fulton
- The Sales Tax Rate for Fulton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fulton 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 Fulton
- The average income of a Fulton resident is $49,477 a year. The US average is $28,555 a year.
- The Median household income of a Fulton resident is $202,143 a year. The US average is $69,021 a year.