Charlestown, Maryland is a small town situated on the western shore of the Chesapeake Bay. The population is approximately 2,191 as of 2020. It's known for its stunning waterfront views, quaint downtown area and historic buildings. The two bedroom rent in Charlestown is $1,480 which is slightly higher than the US average of $1430. Those living in Charlestown can benefit from competitive prices on groceries due to the area’s Grocery Cost Index being 100 compared to the US average of 100. \nThe town offers plenty of recreational activities with its beaches, parks and marinas making it an attractive place to live for outdoor enthusiasts. For those looking to work near home there are a number of local companies such as T & E Marine Services, Inc., Mid Atlantic Boat Brokers and A Cut Above Tree Service that provide employment opportunities. Although there is an increase in rent costs compared to other parts of the country, overall Charlestown offers a relatively low cost of living because housing tends to be more affordable than other nearby areas and grocery prices are competitive.
Charlestown (zip 21914) has an unemployment rate of 5.3%. The US average is 6.0%.
Charlestown (zip 21914) 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 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Charlestown (zip 21914)
- The Sales Tax Rate for Charlestown (zip 21914) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Charlestown (zip 21914) 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 Charlestown (zip 21914)
- The average income of a Charlestown (zip 21914) resident is $36,609 a year. The US average is $28,555 a year.
- The Median household income of a Charlestown (zip 21914) resident is $65,417 a year. The US average is $69,021 a year.