Tilghman Island, MD is a popular tourist destination in the Chesapeake Bay region. It offers plenty of outdoor activities, such as fishing, kayaking, and boating. The cost of living in Tilghman Island is lower than the national average, with 2 bedroom rent being $1,220 compared to the US average of $1,430. Additionally, grocery costs are relatively low with a grocery cost index of 102 versus 100 in the US. Many businesses call Tilghman Island home including Boatyard Bar & Grill which has been offering fresh local seafood for over 20 years and Skipjack Marina which offers boat slips for rental by locals and visitors alike. With its rich cultural history and affordable cost of living, it’s easy to see why so many people choose to call Tilghman Island home.
Tilghman Island has an unemployment rate of 5.4%. The US average is 6.0%.
Tilghman Island has seen the job market decrease by -10.3% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Tilghman Island
- The Sales Tax Rate for Tilghman Island is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tilghman Island is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tilghman Island
- The average income of a Tilghman Island resident is $41,657 a year. The US average is $37,638 a year.
- The Median household income of a Tilghman Island resident is $55,040 a year. The US average is $69,021 a year.