Crofton, MD is a census-designated area located in Anne Arundel County, Maryland. This vibrant community offers plenty to its residents, including easy access to local businesses and amenities. The average two-bedroom rent in Crofton is about $2,230 which is slightly higher than the national average of $1,430. Additionally, the grocery cost index in Crofton is 104 versus 100 in the US. Local businesses nearby include Giant Food, Walmart Supercenter, Lowe's Home Improvement and Michaels Craft Store. Other popular companies that operate in Crofton are McDonald's, Chick-fil-A and Starbucks. Thus, with its bustling local business sector and affordable housing costs, it’s no wonder that many people move to or stay living in Crofton.
Crofton has an unemployment rate of 4.9%. The US average is 6.0%.
Crofton 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 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Crofton
- The Sales Tax Rate for Crofton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Crofton is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Crofton
- The average income of a Crofton resident is $46,236 a year. The US average is $28,555 a year.
- The Median household income of a Crofton resident is $129,766 a year. The US average is $69,021 a year.