Taneytown, MD is a small town in the heart of Maryland with a population of just over 6,500. It is an ideal place for those looking for a peaceful lifestyle and access to all the amenities of larger cities nearby. The average 2 bedroom rent in Taneytown is $1,190 compared to the US average which is $1,430. Grocery costs are marginally lower than US averages with an index of 102 versus 100 nationwide. \nThe town has many local businesses including My Place Pizza, Long’s Meat Market, and Kerlin Motor Company - all of which are staples within the community. Organizations like Taneytown Little League, Taneytown Historical Society and the Taneytown Lions Club are just some of the groups dedicated to serving the residents of this charming little town.
Taneytown has an unemployment rate of 4.2%. The US average is 6.0%.
Taneytown 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 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Taneytown
- The Sales Tax Rate for Taneytown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Taneytown 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 Taneytown
- The average income of a Taneytown resident is $29,717 a year. The US average is $28,555 a year.
- The Median household income of a Taneytown resident is $75,167 a year. The US average is $69,021 a year.