Kingstown, MD is a thriving suburb of Washington DC. The cost of living in Kingstown is very competitive with the US average, with two bedroom rent being only $1,200 compared to the US average of $1,430. The grocery cost index is also lower than the national average at 101 versus 100 in the US. Several local and national companies are based in Kingstown, including Lockheed Martin Corporation, DRS Technologies, and KVH Industries Inc. These businesses are major employers for the local community and offer excellent opportunities for residents looking for work in a variety of industries.
Kingstown has an unemployment rate of 4.4%. The US average is 6.0%.
Kingstown has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Kingstown
- The Sales Tax Rate for Kingstown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kingstown is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kingstown
- The average income of a Kingstown resident is $30,511 a year. The US average is $28,555 a year.
- The Median household income of a Kingstown resident is $56,645 a year. The US average is $69,021 a year.