Sykesville, MD is a small town located in Maryland with a population of over 5,000 people. It is known for its quaint downtown area which provides many local businesses such as Sykesville Hardware Store, River Valley Ranch Winery, and Tuckers Fruit Farm Market. The cost of living in Sykesville is higher than the national average with the two bedroom rent being around $1,460 compared to the US 2 bedroom rent at $1,430. Additionally, grocery costs can be slightly more expensive in Sykesville as their Grocery Cost Index is 105 versus 100 in the US. Despite this increase in cost of living, many people enjoy living in Sykesville due to its small-town charm and friendly atmosphere.
Sykesville has an unemployment rate of 4.2%. The US average is 6.0%.
Sykesville has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Sykesville
- The Sales Tax Rate for Sykesville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sykesville 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 Sykesville
- The average income of a Sykesville resident is $44,601 a year. The US average is $37,638 a year.
- The Median household income of a Sykesville resident is $120,083 a year. The US average is $69,021 a year.