Hagerstown, Maryland is a beautiful city located in Washington County. It offers a low-key atmosphere with plenty of things to do. The average two bedroom rent in Hagerstown is $1,080 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Hagerstown is 105 compared to 100 in the US. This makes living in Hagerstown an attractive option for those looking to save on living expenses. There are many local companies that call Hagerstown home including Volvo Powertrain North America, Meritus Health, Stauffer's Cookies & Crackers, and Waynesboro Area Industries Inc. Residents here can enjoy all the amenities of a larger city while taking advantage of the smaller town atmosphere that Hagerstown provides.
Hagerstown has an unemployment rate of 7.4%. The US average is 6.0%.
Hagerstown has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Hagerstown
- The Sales Tax Rate for Hagerstown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hagerstown 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 Hagerstown
- The average income of a Hagerstown resident is $20,812 a year. The US average is $28,555 a year.
- The Median household income of a Hagerstown resident is $42,965 a year. The US average is $69,021 a year.