Tolchester, MD is a great place to live. It offers many local amenities, such as the Tolchester Beach Club and Tolchester Marina, as well as an array of popular eateries like the Red & White Seafood Restaurant. With its relatively low rent prices of $1,200 for 2 bedrooms and an advantageous Grocery Cost Index rating of 101 versus 100 in the US, Tolchester is becoming a popular destination for those looking to move from larger cities. In addition to housing and food, Tolchester boasts a variety of businesses from small start-ups to large corporations including Morningstar Industries, Tolchester International Airlines, and Bright Computers. Residents can enjoy year-round recreational activities such as fishing off the pier at the marina or laying out on one of the beaches in town.
Tolchester has an unemployment rate of 5.5%. The US average is 6.0%.
Tolchester has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Tolchester
- The Sales Tax Rate for Tolchester is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tolchester is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tolchester
- The average income of a Tolchester resident is $38,356 a year. The US average is $28,555 a year.
- The Median household income of a Tolchester resident is $102,460 a year. The US average is $69,021 a year.