Talbot, MD County is a desirable location to live due to its affordability and the cost of living being lower than the national average. With a two-bedroom rent of $1,200 and a grocery cost index of 104 versus 100 in the US, Talbot County residents can enjoy their lives for less. The area offers many local companies and services such as Bay Shore Financial Group providing accounting services, Claiborne & Associates offering legal services, and Chesapeake Bay Seafood Company providing fresh seafood.
Talbot County has an unemployment rate of 5.4%. The US average is 6.0%.
Talbot County has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Talbot County
- The Sales Tax Rate for Talbot County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Talbot County is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Talbot County
- The average income of a Talbot County resident is $37,661 a year. The US average is $28,555 a year.
- The Median household income of a Talbot County resident is $79,349 a year. The US average is $69,021 a year.