Rockville, MD is a bustling city located in Montgomery County with plenty of businesses and local attractions. It is known for its thriving economy and diverse culture, making it an attractive place to live. With a 2 bedroom rent of $2,310 compared to the US average of $1,430, Rockville has an above-average cost of living. Local companies such as Lockheed Martin Corporation, MedImmune LLC, and The University System of Maryland are based in Rockville. Additionally, the Grocery Cost Index in Rockville is 113 compared to 100 in the US which indicates that groceries are more expensive than average in the city. In conclusion, Rockville is a vibrant city with plenty of opportunities and a slightly higher than average cost of living.
Rockville has an unemployment rate of 4.7%. The US average is 6.0%.
Rockville has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Rockville
- The Sales Tax Rate for Rockville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rockville 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 Rockville
- The average income of a Rockville resident is $49,246 a year. The US average is $28,555 a year.
- The Median household income of a Rockville resident is $116,031 a year. The US average is $69,021 a year.