Ridgely, MD is a highly sought after area for both residents and visitors alike. The town's two bedroom rent prices are lower than the national average making it an affordable option for locals. In addition to more affordable living costs, Ridgely also offers a variety of amenities to its residents and visitors. It is home to several local businesses such as Alexus Apparel Company, Ridgely Carpet Store, and Tour de France Bicycle Shop. There are also many nearby attractions including Cedar Point Amusement Park and the historic Hampton Mansion State Park. Other points of interest include the Libertytown Farmers Market, Red Wing Golf Course, Rock Run Mill Park, and Pickering Creek Audubon Center. All these offerings make Ridgely a great place to call home or visit.
Ridgely has an unemployment rate of 4.9%. The US average is 6.0%.
Ridgely has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Ridgely
- The Sales Tax Rate for Ridgely is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ridgely is 7.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ridgely
- The average income of a Ridgely resident is $26,084 a year. The US average is $28,555 a year.
- The Median household income of a Ridgely resident is $60,000 a year. The US average is $69,021 a year.