Thurmont, MD is an ideal location for those looking for an affordable living. The 2 Bedroom Rent is $1,140 compared to the US average of $1,430, so one can save a considerable amount on rent costs. Additionally, Thurmont's Grocery Cost Index is 107 versus the national average of 100 which indicates that groceries are relatively affordable in this area. Thurmont offers residents plenty of local companies that they can support such as Gina's Restaurant and Pub, Outback Steakhouse and Pizza Palace. Other popular local businesses include Frontier Town campground and western theme park, Thurmont Regional Library and Catoctin Wildlife Preserve & Zoo.
Thurmont has an unemployment rate of 4.9%. The US average is 6.0%.
Thurmont has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Thurmont
- The Sales Tax Rate for Thurmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thurmont is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Thurmont
- The average income of a Thurmont resident is $30,652 a year. The US average is $28,555 a year.
- The Median household income of a Thurmont resident is $82,098 a year. The US average is $69,021 a year.