The Baltimore-Columbia-Towson, MD Metro Area is a great place to live with many options for housing. The two bedroom rent in this area is $1,550 and the US two bedroom rent is around $1,430. This area has a grocery cost index of 104 compared to the national average of 100. There are many great local companies to work for in the area such as John Hopkins University, Johns Hopkins Hospital, Under Armour, and McCormick & Company. All these businesses offer competitive wages and benefits making this region an attractive choice when deciding where to live.
Baltimore-Columbia-Towson Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Baltimore-Columbia-Towson Metro Area 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Baltimore-Columbia-Towson Metro Area
- The Sales Tax Rate for Baltimore-Columbia-Towson Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baltimore-Columbia-Towson Metro Area is 11.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Baltimore-Columbia-Towson Metro Area
- The average income of a Baltimore-Columbia-Towson Metro Area resident is $35,613 a year. The US average is $28,555 a year.
- The Median household income of a Baltimore-Columbia-Towson Metro Area resident is $87,513 a year. The US average is $69,021 a year.