Germantown, Maryland 

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Economy in Germantown, Maryland

Germantown has an unemployment rate of 3.7%. The US average is 5.2%.

Germantown has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 38.0%.

Tax Rates for Germantown
- The Sales Tax Rate for Germantown is 6.0%. The US average is 6.0%.
- The Income Tax Rate for Germantown is 8.0%. The US average is 4.6%.

Income and Salaries for Germantown
- The average income of a Germantown resident is $36,725 a year. The US average is $28,555 a year.
- The Median household income of a Germantown resident is $86,472 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYGermantown, MarylandUnited States
  Unemployment Rate3.7%5.2%
  Recent Job Growth1.3%1.6%
  Future Job Growth38.9%38.0%
  Sales Taxes6.0%6.0%
  Income Taxes0.07950.046
  Income per Cap.$36,725$28,555
  Household Income$86,472$53,482
  Family Median Income$95,845$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.1%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction6.8%6.2%
  Manufacturing4.3%10.4%
  Wholesale trade1.9%2.7%
  Retail trade9.1%11.6%
  Transportation and warehousing3.0%4.1%
  Utilities00
  Information2.5%2.1%
  Finance and insurance4.1%4.7%
  Real estate, rental, leasing2.4%1.9%
  Professional, scientific, technical services17.3%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs5.1%4.3%
  Educational services7.0%9.3%
  Health care and social assistance12.4%13.8%
  Arts, entertainment, recreation1.2%2.2%
  Accommodation, food services7.6%7.4%
  Other services5.2%4.9%
  Public administration9.5%4.8%
ECONOMY MAP
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    Reviews for Germantown    8 Reviews
    When I first moved to Germantown - 10/2/2013
    When I first moved to Germantown, this city was up and coming. It still felt like the country and the air was breathable and not as much traffic. That was in 2010. In 3... Read More

    Start Your Review of Germantown


    Pet Ownership - 5/24/2013
    Montgomery County is not a dog friendly place if you own pets. The dog regulations do not favor the dog or dog owner and one should consider Frederick, Howard or Carroll... Read More

    Monthly Costs - 7/17/2012
    Everything costs more here because of the proximity to Washington D.C. I came from Long Island, NY where it was also expensive. Since I've been here costs go up, but... Read More


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