Halfway, MD is a small town located in Washington County. It is home to many local businesses such as Halfway Pharmacy and Rick’s Garage. The cost of living in Halfway is relatively cheap compared to many other places in the US. Rent for two-bedroom homes average at around $1,040 per month which is nearly $400 less than the national average of $1,430. Additionally, groceries cost about 5% more in Halfway than the US average on an index of 100. Despite these slight differences, Halfway still offers a comfortable and affordable lifestyle for its residents.
Halfway has an unemployment rate of 5.6%. The US average is 6.0%.
Halfway has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Halfway
- The Sales Tax Rate for Halfway is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Halfway 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 Halfway
- The average income of a Halfway resident is $33,992 a year. The US average is $37,638 a year.
- The Median household income of a Halfway resident is $64,539 a year. The US average is $69,021 a year.