21610 Betterton, MD is a small town located in Kent County on the coast of Maryland. It is a rural area largely comprised of small businesses, farms, and family homes. Despite its size, Betterton offers its residents a high quality of life with plenty of local amenities and culture. The cost of living in Betterton is relatively affordable compared to other areas in the state. The average rent for a two-bedroom apartment in the area is $1,060; significantly cheaper than the US average rent which is $1,430 per month. Additionally, groceries in Betterton are slightly more affordable than elsewhere with a Grocery Cost Index rating at 99 versus 100 in the United States.
The local economy is driven by small businesses like Kings Marine Supply Inc., Lecompte Bay Oyster Company LLC., Country Farm Market & Bakery, and Pleasure Craft Marina LLC. These companies offer excellent services to locals and most employ many members from the community. In addition to these four businesses there are numerous other restaurants and shops throughout town that make up the thriving local economy of Betterton. Overall, 21610 Betterton makes an ideal place to live due to its affordability and local amenities that make it unique and special among other towns in Maryland.
Betterton (zip 21610) has an unemployment rate of 5.5%. The US average is 6.0%.
Betterton (zip 21610) 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 Betterton (zip 21610)
- The Sales Tax Rate for Betterton (zip 21610) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Betterton (zip 21610) 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 Betterton (zip 21610)
- The average income of a Betterton (zip 21610) resident is $27,863 a year. The US average is $28,555 a year.
- The Median household income of a Betterton (zip 21610) resident is $73,750 a year. The US average is $69,021 a year.