Nanticoke, MD is a small town located in the Eastern Shore region of Maryland. It is a rural area that has a population of about 2,300 people. The cost of living here is lower than the US average with an average two-bedroom rent being $1,160 compared to $1,430 nationally. Additionally, grocery costs are slightly higher here with a grocery cost index of 102 compared to 100 in the US. The economy in Nanticoke largely relies on agriculture and many local businesses focus on this industry. Some notable companies in this area are T&E Meats, DFM Farms LLC, and Cavanaugh Farms Inc., which all specialize in providing high-quality meats to local customers.
Nanticoke has an unemployment rate of 6.6%. The US average is 6.0%.
Nanticoke has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Nanticoke
- The Sales Tax Rate for Nanticoke is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nanticoke 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 Nanticoke
- The average income of a Nanticoke resident is $45,287 a year. The US average is $37,638 a year.
- The Median household income of a Nanticoke resident is $0 a year. The US average is $69,021 a year.