Pasadena, MD is a community near the beautiful Chesapeake Bay and just south of Baltimore. It offers a great quality of life with an average 2 bedroom rent at $1,790, which is slightly higher than the US average of $1,430. There is also a Grocery Cost Index that is 103 compared to 100 in the US. Pasadena boasts many businesses including well-known companies such as General Dynamics Information Technology, Northrop Grumman Electronic Systems, and Lockheed Martin Mission Systems and Training. Other local companies include Cintas Corporation, Robotech CAD Solutions Inc., Syscom Technologies Inc., and Protech Solutions Inc. There are also many small businesses that specialize in services such as home décor, retail stores, restaurants, spas and health clubs.
Pasadena has an unemployment rate of 4.9%. The US average is 6.0%.
Pasadena 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 Pasadena
- The Sales Tax Rate for Pasadena is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pasadena 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 Pasadena
- The average income of a Pasadena resident is $37,554 a year. The US average is $28,555 a year.
- The Median household income of a Pasadena resident is $107,088 a year. The US average is $69,021 a year.