Morningside, MD is a vibrant community located conveniently near Washington, DC and other metropolitan cities. It offers many amenities to its residents including an array of local businesses, restaurants, shops, and parks. Well known companies in the area include American Tire & Brake, Morningside Carpeting Company, and Morningside Auto Supply. There is also plenty of recreational activities for people of all ages to enjoy such as Parkland Park and walking trails along the riverfront. In addition to the many recreation options available, Morningside also provides access to excellent schools and medical care facilities. The cost of living in Morningside is higher than some surrounding areas with an average two bedroom rent at $1,630 compared to the US average two bedroom rent at $1,430. The grocery cost index in Morningside is 107 versus 100 in the US making it slightly more expensive to shop here compared to many other places. Despite this higher cost of living however there are many wonderful benefits that come with living in this lovely community.
Morningside has an unemployment rate of 7.8%. The US average is 6.0%.
Morningside has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Morningside
- The Sales Tax Rate for Morningside is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morningside 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 Morningside
- The average income of a Morningside resident is $32,176 a year. The US average is $37,638 a year.
- The Median household income of a Morningside resident is $75,357 a year. The US average is $69,021 a year.