East New Market, MD is a small town located in Dorchester County. It has a population of just over 650 people and is located about 40 miles east of Baltimore. This area offers residents a rural lifestyle with plenty of outdoor activities to enjoy such as hiking, biking, and kayaking. The cost of living in East New Market is quite reasonable, with 2 bedroom rent costing around $1,000 per month. Grocery costs are also slightly lower than the national average at an index of 101 compared to 100 nationally. Local businesses include C’s Country Store for groceries and supplies, D&R Auto Repair for maintenance and repairs, and B&J Lawn Care for landscaping services. With its affordable housing costs and close proximity to larger cities like Baltimore, East New Market is an attractive option for those looking for a peaceful rural lifestyle without sacrificing city amenities.
East New Market (zip 21631) has an unemployment rate of 6.3%. The US average is 6.0%.
East New Market (zip 21631) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for East New Market (zip 21631)
- The Sales Tax Rate for East New Market (zip 21631) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for East New Market (zip 21631) is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for East New Market (zip 21631)
- The average income of a East New Market (zip 21631) resident is $29,703 a year. The US average is $28,555 a year.
- The Median household income of a East New Market (zip 21631) resident is $62,026 a year. The US average is $69,021 a year.