Calvert County, MD Economy


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United States / Maryland / / Calvert County / Cities / Zip Codes
Calvert County, MD is one of the most desirable places to live in and work in Maryland due to its proximity to Washington D.C., Baltimore, and Annapolis. The county is home to many notable companies such as Northrop Grumman, Dominion Energy, Calvert Cliffs Nuclear Power Plant, and MedStar St. Mary's Hospital. It also provides a variety of recreational activities such as fishing, boating, golfing and more, making it an ideal location for those seeking outdoor activities. The cost of living in Calvert County is slightly higher than the national average due to its higher rental rates for two-bedroom apartments which are $1,840 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Calvert County is 109 versus 100 in the US. All these factors combine to make living in Calvert County a great experience that balances both work and leisure time.

Calvert County has an unemployment rate of 4.5%. The US average is 6.0%.

Calvert County has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Calvert County
- The Sales Tax Rate for Calvert County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calvert County is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Calvert County
- The average income of a Calvert County resident is $50,496 a year. The US average is $37,638 a year.
- The Median household income of a Calvert County resident is $120,295 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCalvert, MarylandUnited States
  4.56
  -6.5%-6.2%
  37.3%33.5%
  6.0%6.2%
  7.8%4.6%
  $50,496$37,638
  $120,295$69,021
  $136,948$85,028
  Population by Occupation
  0.6%1.2%
  0.1%0.5%
  11.7%6.8%
  4.3%10.0%
  2.0%2.5%
  7.2%11.0%
  3.4%4.8%
  2.4%0.8%
  1.4%1.9%
  2.3%4.7%
  1.5%1.9%
  9.7%7.6%
  0.2%0.1%
  3.2%4.2%
  10.1%9.3%
  11.0%14.0%
  2.1%2.1%
  5.2%7.0%
  5.1%4.8%
  16.5%4.7%
Health