Frederick, MD County is a great place to call home. It's conveniently located near Washington DC, Baltimore and other major metropolitan areas. Living in Frederick has its many advantages - from being close to good restaurants, shopping areas and entertainment venues to enjoying easy commutes with convenient access to public transport and highways. Additionally, Frederick offers competitive rents for two-bedroom apartments at $1,840 compared to the US average of $1,430. Grocery Shopping is also more affordable here with a Grocery Cost Index of 109 compared to 100 in the US. The local economy is booming with companies such as Volkswagen Group of America, Northrop Grumman Electronic Systems Airpark and U.S Silica headquartered here. There are always activities and events taking place in Frederick adding to its appeal as a desirable place to live and work.
Frederick County has an unemployment rate of 4.9%. The US average is 6.0%.
Frederick County has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Frederick County
- The Sales Tax Rate for Frederick County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frederick County is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frederick County
- The average income of a Frederick County resident is $37,254 a year. The US average is $28,555 a year.
- The Median household income of a Frederick County resident is $106,129 a year. The US average is $69,021 a year.