Grantsville, MD is a small town located in the western part of Maryland. It offers a peaceful environment and is home to many local businesses such as Small Town Cafe, Grantsville Hardware Store, and Bob’s Auto Repair. Living costs in Grantsville are relatively low compared to the US averages. The 2-bedroom rent in Grantsville is only $820 while the US average for the same rental is $1,430. Additionally, grocery costs are slightly cheaper with an index of 98 versus 100 in the US.
Grantsville has an unemployment rate of 5.9%. The US average is 6.0%.
Grantsville has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Grantsville
- The Sales Tax Rate for Grantsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grantsville is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grantsville
- The average income of a Grantsville resident is $23,319 a year. The US average is $28,555 a year.
- The Median household income of a Grantsville resident is $35,417 a year. The US average is $69,021 a year.