North Beach, MD is a beautiful small town located on the Chesapeake Bay. It has a friendly atmosphere with plenty of local businesses and attractions for residents to enjoy. Some of these companies include the Boardwalk Café, the North Beach Pier, and the North Beach Farmers' Market which all offer unique experiences for locals and tourists alike. In addition to its businesses, North Beach offers a variety of recreational activities such as fishing, boating, sailing, and swimming thanks to its close proximity to the bay. The cost of living in North Beach is higher than that of the US average with a two bedroom rent costing $1,890 compared to the US average of $1,430; however grocery costs are more reasonable with an index score of 107 versus 100 in the US. With its laid-back atmosphere and abundance of activities and amenities, North Beach is a great place for families or individuals seeking to live in a small community by the beach.
North Beach has an unemployment rate of 4.5%. The US average is 6.0%.
North Beach has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for North Beach
- The Sales Tax Rate for North Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Beach 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 North Beach
- The average income of a North Beach resident is $38,077 a year. The US average is $28,555 a year.
- The Median household income of a North Beach resident is $71,932 a year. The US average is $69,021 a year.