Libertytown, MD is a charming town located in Maryland. This historic community provides residents with an array of amenities and local businesses, making it a great place to call home. In Libertytown, you can find many locally-owned restaurants, shops, bakeries, and boutiques. For those who love outdoor activities, there are plenty of parks and trails to explore around the town. Furthermore, living expenses such as rent costs for two-bedroom apartments can be found at an affordable rate of $1,360 per month compared to the US average of $1,430. Grocery prices in Libertytown also tend to be lower than other areas as they have a Grocery Cost Index of 106 versus 100 in the US. These factors make Libertytown an ideal destination for anyone looking for a convenient and cost-effective place to live.
Libertytown has an unemployment rate of 4.9%. The US average is 6.0%.
Libertytown has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Libertytown
- The Sales Tax Rate for Libertytown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Libertytown is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Libertytown
- The average income of a Libertytown resident is $29,157 a year. The US average is $28,555 a year.
- The Median household income of a Libertytown resident is $91,953 a year. The US average is $69,021 a year.