Gaithersburg, Maryland 

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Economy in Gaithersburg, Maryland

Gaithersburg, MD is a bustling city close to Washington, D.C. It is known for its affordable cost of living, with average 2 bedroom rental rates being $1,920 versus the US average of $1,430. In addition to housing costs, the Grocery Cost Index in Gaithersburg is 112 compared to 100 in the US. Local companies such as Sodexo and Lockheed Martin have headquarters in Gaithersburg. The city is also home to several popular attractions such as Black Hill Regional Park and Rio Washingtonian Center. Gaithersburg provides many opportunities for residents and visitors alike, making it an ideal destination for anyone looking for an exciting place to live or visit.

Gaithersburg has an unemployment rate of 6.1%. The US average is 6.0%.

Gaithersburg has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Gaithersburg
- The Sales Tax Rate for Gaithersburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gaithersburg 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 Gaithersburg
- The average income of a Gaithersburg resident is $39,846 a year. The US average is $28,555 a year.
- The Median household income of a Gaithersburg resident is $78,441 a year. The US average is $53,482 a year.


  ECONOMYGaithersburg, MarylandUnited States
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Gaithersburg    10 Reviews
    Friendly, safe, convenient but... - 6/25/2018
    We recently sold our family home of 20+ years in Potomac, MD and moved just down the road to Gaithersburg. We have nothing but good things to say about the people... Read More

    Start Your Review of Gaithersburg

    Close to DC - 3/1/2015
    The city of Gaithersburg offers all of the employment opportunities of being within commuting range of D.C. without the congestion. Homes are more affordable and you... Read More

    Planning "Goodbye" to Maryland -- all of it! - 9/1/2013
    The state has the potential to be a great place to live ... but that 'Reality’ is just slipping away. The current leadership has done a really bang-up job creating so... Read More

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