Maryland City, MD is an ideal place to live and work for many people. The city offers a high quality of life with two bedroom apartment rent prices at $2,100 per month. This is considerably higher than the US average of $1,430 per month. Grocery costs are also slightly more expensive here than in other areas of the country, with a Grocery Cost Index of 103 compared to 100 nationally.
Maryland City is home to some well-known companies such as the Maryland National Bank, Verizon Wireless, and Safeway grocery stores. There are numerous job opportunities in many different industries in this area such as healthcare, finance, technology and retail. Because of its vibrant business community and burgeoning job market, Maryland City is a great place to look for employment or start your own business.
Maryland City has an unemployment rate of 4.9%. The US average is 6.0%.
Maryland City has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Maryland City
- The Sales Tax Rate for Maryland City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Maryland City is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Maryland City
- The average income of a Maryland City resident is $42,021 a year. The US average is $37,638 a year.
- The Median household income of a Maryland City resident is $96,036 a year. The US average is $69,021 a year.