Shady Side, MD is a charming town located in Anne Arundel County, Maryland. It is home to several local businesses and attractions, such as Shady Side Market, Shady Side Blues Café, and the Shady Side Marina. The town has seen an increase in population in recent years due to its close proximity to Washington D.C., Baltimore and Annapolis. As a result of this increased population, rent for two-bedroom apartments in Shady Side is significantly higher than the national average at $2,080 per month versus $1,430 across the United States. Additionally, groceries are slightly more expensive in Shady Side with an index of 104 compared to 100 nationally. Despite these differences in cost of living, locals enjoy being part of this historic town that offers plenty of activities both on land and on water.
Shady Side has an unemployment rate of 4.9%. The US average is 6.0%.
Shady Side has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Shady Side
- The Sales Tax Rate for Shady Side is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shady Side is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shady Side
- The average income of a Shady Side resident is $41,686 a year. The US average is $28,555 a year.
- The Median household income of a Shady Side resident is $118,125 a year. The US average is $69,021 a year.