Frostburg, MD is a great place to live! Located in Allegany County with a population of just over 8,000 people, it's a small city with plenty of charm. The median 2 bedroom rent is $920, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Frostburg is also better than the national average at 102 compared to 100.
In terms of local companies and amenities, Frostburg offers many options that make life easier for its residents. Large employers like the Allegany County Board of Education and Coca-Cola Bottling Co Consolidated are among them; while smaller local businesses such as Apple Blossom Florist and Avenue Optical provide goods and services that can't be found elsewhere. In terms of entertainment there are plenty of options like the Frostburg State University Planetarium or C&O Canal National Historic Park - both popular attractions amongst locals as well as visitors to the area.
Frostburg (zip 21532) has an unemployment rate of 6.9%. The US average is 6.0%.
Frostburg (zip 21532) has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Frostburg (zip 21532)
- The Sales Tax Rate for Frostburg (zip 21532) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frostburg (zip 21532) is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Frostburg (zip 21532)
- The average income of a Frostburg (zip 21532) resident is $21,083 a year. The US average is $28,555 a year.
- The Median household income of a Frostburg (zip 21532) resident is $50,349 a year. The US average is $69,021 a year.