Piney Point, MD is a small town located in St. Mary's County. It is known for its historical sites, local seafood restaurants, and outdoor activities. The cost of living in Piney Point is slightly higher than the national average due to the two-bedroom housing rental rate being $90 more than the US 2 Bedroom Rent. Additionally, the Grocery Cost Index in Piney Point is 8% higher than the US average at 108 versus 100. There are several local companies that have become well-known throughout the county such as Patuxent Seafood Company, a popular seafood spot owned by family for generations or Aqua Pro Pools & Spas which offers services ranging from pool maintenance to custom designs. Overall, Piney Point offers an affordable yet enjoyable place to live with plenty of activities and amenities available.
Piney Point has an unemployment rate of 4.3%. The US average is 6.0%.
Piney Point has seen the job market decrease by -1.6% 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 Piney Point
- The Sales Tax Rate for Piney Point is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Piney Point 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 Piney Point
- The average income of a Piney Point resident is $41,725 a year. The US average is $37,638 a year.
- The Median household income of a Piney Point resident is $0 a year. The US average is $69,021 a year.