In terms of rental market, Grasonville has an average 2 bedroom rent of $2120 per month which is significantly higher than the national average of $1430. Additionally, grocery cost index in Grasonville is 105 versus 100 in the US. This makes it slightly more expensive for families looking to rent here compared to other cities. However, it is important to note that this increased cost does not necessarily reflect lower quality housing options or low value for money spent on rent - instead it simply means that renters may have less buying power when considering different neighborhoods in the area.
Grasonville has an unemployment rate of 4.4%. The US average is 6.0%.
Grasonville has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Grasonville
- The Sales Tax Rate for Grasonville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grasonville is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grasonville
- The average income of a Grasonville resident is $40,061 a year. The US average is $37,638 a year.
- The Median household income of a Grasonville resident is $104,762 a year. The US average is $69,021 a year.