21620 Chestertown, MD is a great place to live. The 2 bedroom rent in the area is $1,150 per month which is significantly lower than the US average of $1,430. This makes it an excellent option for those looking for affordable housing. Additionally, the Grocery Cost Index in Chestertown is 101 compared to 100 in the US, suggesting that grocery costs are slightly higher here but still affordable.
Chestertown has a lot to offer residents. There are several local businesses such as Old Line Bistro & Pub, Custom House Café & Bakery and Kresge Lumber Company that provide employment and services to locals. It's also home to Washington College which helps to foster community and provides cultural events for residents.
All in all, 21620 Chestertown provides a great atmosphere with an affordable cost of living that allows you to get more bang for your buck than other parts of Maryland or the United States as a whole.
Chestertown (zip 21620) has an unemployment rate of 5.5%. The US average is 6.0%.
Chestertown (zip 21620) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Chestertown (zip 21620)
- The Sales Tax Rate for Chestertown (zip 21620) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chestertown (zip 21620) 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 Chestertown (zip 21620)
- The average income of a Chestertown (zip 21620) resident is $26,757 a year. The US average is $28,555 a year.
- The Median household income of a Chestertown (zip 21620) resident is $63,164 a year. The US average is $69,021 a year.