Mays Chapel, MD Economy

Mays Chapel, MD is a vibrant area to live in. According to the data, 2 bedroom rent in Mays Chapel is slightly higher than the US average at $1,460 compared to $1,430. Grocery costs in Mays Chapel are 5% higher than the US average index of 100 which indicates that food items may cost more than other areas. The area is home to many businesses including Waverly Tavern and Brewers Art Bar & Grill as well as a variety of convenience stores and specialty shops. Housing options range from single family homes and apartments to condos and townhouses making it a great place for families of any size.

Mays Chapel has an unemployment rate of 6.0%. The US average is 6.0%.

Mays Chapel has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Mays Chapel
- The Sales Tax Rate for Mays Chapel is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mays Chapel 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 Mays Chapel
- The average income of a Mays Chapel resident is $52,845 a year. The US average is $28,555 a year.
- The Median household income of a Mays Chapel resident is $112,150 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Mays Chapel, Maryland	United States
	6	6
	-6.2%	-6.2%
	30.1%	33.5%
	6.0%	6.2%
	7.6%	4.6%
	$69,978	$37,638
	$112,150	$69,021
	$152,799	$85,028
Population by Occupation
	0.2%	1.2%
	0.0%	0.5%
	2.0%	6.8%
	4.6%	10.0%
	2.6%	2.5%
	8.2%	11.0%
	1.8%	4.8%
	0.3%	0.8%
	2.5%	1.9%
	11.4%	4.7%
	1.3%	1.9%
	14.6%	7.6%
	0.3%	0.1%
	1.1%	4.2%
	13.6%	9.3%
	16.1%	14.0%
	3.4%	2.1%
	4.5%	7.0%
	6.5%	4.8%
	4.9%	4.7%