Eldersburg, MD is an attractive place to live, with its lower than average 2 bedroom rent of $1,530 compared to the US average of $1,430. The Grocery Cost Index in Eldersburg is 105 versus 100 in the US, making groceries slightly more expensive but overall still reasonably priced. Eldersburg boasts a range of local businesses such as Burgess Automotive Service Center, Inc., South Carroll Swim Club and Mt Airy Veterinary Clinic. With its low rent prices and diverse range of businesses, Eldersburg is an ideal location for those looking for a suburban lifestyle with city amenities.
Eldersburg has an unemployment rate of 4.2%. The US average is 6.0%.
Eldersburg has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Eldersburg
- The Sales Tax Rate for Eldersburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Eldersburg is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Eldersburg
- The average income of a Eldersburg resident is $53,055 a year. The US average is $37,638 a year.
- The Median household income of a Eldersburg resident is $130,036 a year. The US average is $69,021 a year.