Stevensville, MD is a small city located in the eastern shore of Maryland. It is known for its beautiful landscapes and peaceful atmosphere. The cost of living in Stevensville, MD is relatively low compared to other parts of the US, with a two bedroom rent averaging $1830 per month which is about $400 cheaper than the national average for 2 bedroom rent. Additionally, the grocery cost index is also lower than the US average at 104 versus 100.
The local economy in Stevensville, MD has a few major companies that contribute to its economy such as Terrapin Adventures, McGarvey’s Saloon & Oyster Bar, Maritime Wood Products Inc., and more. These businesses not only provide employment opportunities but also help ensure economic stability within Stevensville. Furthermore, many of these companies offer internships and other training programs that can help individuals gain valuable work experience and enhance their resumes.
Overall, Stevensville MD's job market offers plenty of opportunities to those looking for employment or internships. With its low cost of living combined with its economic stability provided by local businesses it makes it an attractive option for those looking to expand their career opportunities or just move to a relaxed area with plenty of outdoor activities available.
Stevensville has an unemployment rate of 4.4%. The US average is 6.0%.
Stevensville has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Stevensville
- The Sales Tax Rate for Stevensville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stevensville is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stevensville
- The average income of a Stevensville resident is $38,468 a year. The US average is $28,555 a year.
- The Median household income of a Stevensville resident is $106,741 a year. The US average is $69,021 a year.