21632 Federalsburg, MD is a great city to settle down in, offering affordable rent and an incredible cost of living. 2 bedroom rent in this area of Maryland costs around $1,030 per month which is about 30% cheaper than the US average of $1,430. Not only is the rent much less expensive but other expenses like groceries are also lower with a Grocery Cost Index of 98 compared to 100 in the US.
Additionally, there are many local companies that make up the thriving community including Subway, Dollar General Store, G & S Automotive and more. These businesses offer residents career opportunities as well as services for their daily lives. There is something for everyone in 21632 Federalsburg!
Federalsburg (zip 21632) has an unemployment rate of 4.9%. The US average is 6.0%.
Federalsburg (zip 21632) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Federalsburg (zip 21632)
- The Sales Tax Rate for Federalsburg (zip 21632) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Federalsburg (zip 21632) is 7.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Federalsburg (zip 21632)
- The average income of a Federalsburg (zip 21632) resident is $32,401 a year. The US average is $37,638 a year.
- The Median household income of a Federalsburg (zip 21632) resident is $52,758 a year. The US average is $69,021 a year.