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Garretts Mill, MD Economy
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United States
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Maryland
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Hagerstown-Martinsburg Metro Area
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Washington County
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Garretts Mill, MD is an attractive location for many potential renters due to its moderate cost of living. The average 2 bedroom rent is $1,610 compared to the US average of $1,430 per month which makes it slightly more expensive than the national average but still very affordable. In addition, Grocery Cost Index in Garretts Mill is 107 versus 100 in the US making groceries slightly more expensive but not too expensive. With plenty of local companies such as Capital One Financial Corporation and Verizon Communications Inc., there are plenty of job opportunities for residents looking to stay or move into the area. Overall, Garretts Mill is an ideal place to live with reasonable housing costs and good job prospects.
Income by Population Percent
Economy
Garretts Mill, Maryland
United States
Unemployment Rate
5.6
6
Recent Job Growth
-5.9%
-6.2%
Future Job Growth
24.5%
33.5%
Sales Taxes
6.0%
6.2%
Income Tax
7.6%
4.6%
Income per Cap.
$50,438
$37,638
Household Income
69021
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