Chestertown, MD is a quaint town located in Kent County on the Eastern Shore of Maryland not too far from Washington DC and Baltimore. It is a great place to live with an affordable median two bedroom rent of $1,200 compared to the national average of $1,430. Grocery costs are also lower than in other places in the US with a grocery cost index rating of 101 versus 100 nationally. The town offers plenty of amenities for residents including local restaurants like Hemingway’s Bistro, Carpe Diem Coffeehouse & Bakery, and The Imperial Bar & Grill. Other businesses include the Kent County Public Library, Accurate Home Care Services Inc., and Bon Apétit Gourmet Catering Co. There are also plenty of recreational activities such as fishing at Harris Pond or making a trip to nearby Great Falls Park.
Chestertown has an unemployment rate of 5.5%. The US average is 6.0%.
Chestertown 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 Chestertown
- The Sales Tax Rate for Chestertown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chestertown 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 Chestertown
- The average income of a Chestertown resident is $21,289 a year. The US average is $28,555 a year.
- The Median household income of a Chestertown resident is $44,665 a year. The US average is $69,021 a year.