Princess Anne, MD is a small town situated in Somerset County. It is known for being an affordable place to live; the average 2 bedroom rent is $930 which is an impressive $500 less than the US average of $1,430. It has a Grocery Cost Index of 102 compared to 100 in the US. Popular companies and businesses found here include Walmart, Food Lion and Royal Farms. There are plenty of parks and recreational facilities like the Princess Anne Athletic Complex and Manokin Park for outdoor activities. The town also offers a variety of restaurants such as Hana Japanese Steakhouse, Riverside Cafe & Deli and Zio's Italian Kitchen.
Princess Anne has an unemployment rate of 7.4%. The US average is 6.0%.
Princess Anne has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Princess Anne
- The Sales Tax Rate for Princess Anne is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Princess Anne is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Princess Anne
- The average income of a Princess Anne resident is $14,310 a year. The US average is $28,555 a year.
- The Median household income of a Princess Anne resident is $37,386 a year. The US average is $69,021 a year.