Hagerstown-Martinsburg, MD Metro Area is an affordable location for those looking to rent. The area offers 2 bedroom apartments for $1,080 which is much lower than the US average of $1,430. On top of that, the grocery cost index in Hagerstown-Martinsburg is 5% higher than the national average. There are a variety of local companies and attractions associated with the area. Two prominent ones include Volvo Powertrain and Kings Dominion Amusement Park. Volvo Powertrain has a large presence in the area providing local manufacturing jobs while Kings Dominion Amusement Park attracts visitors from all around with its thrilling rides and plenty of other activities.
Hagerstown-Martinsburg Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Hagerstown-Martinsburg Metro Area has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Hagerstown-Martinsburg Metro Area
- The Sales Tax Rate for Hagerstown-Martinsburg Metro Area is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Hagerstown-Martinsburg Metro Area 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 Hagerstown-Martinsburg Metro Area
- The average income of a Hagerstown-Martinsburg Metro Area resident is $33,140 a year. The US average is $37,638 a year.
- The Median household income of a Hagerstown-Martinsburg Metro Area resident is $67,192 a year. The US average is $69,021 a year.