Oldtown, MD is a charming town located in Maryland. It is home to many businesses, including Oldtown Supermarket, Oldtown Post Office, and The Copper Kettle Cafe. Not only does it offer a variety of restaurants and stores, but it also has excellent amenities such as low grocery costs, a great public transportation system, and access to nearby parks. What really makes Oldtown stand out from the rest is its affordable cost of living; the two bedroom rent in Oldtown is $910 compared to the US average of $1,430.
Oldtown has an unemployment rate of 6.9%. The US average is 6.0%.
Oldtown has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Oldtown
- The Sales Tax Rate for Oldtown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oldtown is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oldtown
- The average income of a Oldtown resident is $19,851 a year. The US average is $37,638 a year.
- The Median household income of a Oldtown resident is $58,594 a year. The US average is $69,021 a year.