Galena, MD is a small town located in Maryland with a population of approximately 4,800 people. It is known for its close-knit community and picturesque setting. Local businesses in Galena include popular spots such as Red Roost Oyster Bar & Grill, The Wine Bar At Tally Ho Tavern, and ThirdEye Comics & Games. Living in Galena is relatively affordable - rent for two-bedrooms averages around $1,120 per month compared to the US average of $1,430 per month. Additionally, the grocery cost index is 101 compared to the US average of 100 - making groceries just a bit more expensive than other parts of the country.
Galena has an unemployment rate of 5.5%. The US average is 6.0%.
Galena has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Galena
- The Sales Tax Rate for Galena is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Galena is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Galena
- The average income of a Galena resident is $27,500 a year. The US average is $28,555 a year.
- The Median household income of a Galena resident is $76,250 a year. The US average is $69,021 a year.