Denton, MD is a small town in Maryland known for its historic downtown and beautiful countryside. It is home to many local businesses, such as Denton Market & Deli, The Back Room Bar and Grill, and Benson’s Bakery. This small town also offers an affordable cost of living, with two-bedroom rent at $780 compared to the US average of $1,430. Additionally, the grocery cost index in Denton is 101 versus 100 in the US. All these factors make Denton an attractive place to live for those looking for a budget-friendly option and a sense of community.
Denton has an unemployment rate of 4.9%. The US average is 6.0%.
Denton has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Denton
- The Sales Tax Rate for Denton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Denton is 7.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Denton
- The average income of a Denton resident is $24,455 a year. The US average is $37,638 a year.
- The Median household income of a Denton resident is $52,876 a year. The US average is $69,021 a year.