Funkstown, MD (21734) is a small town located in Washington County with an estimated population of 938 people. The 2 bedroom rent for apartments in this area is $870, which is significantly lower than the US average of $1,430. Grocery Cost Index in Funkstown is 104 versus 100 in the US. A large factor that contributes to the low housing costs in Funkstown are the many local businesses surrounding it. These businesses offer jobs and provide a steady source of income for many residents. Moreover, they contribute to a vibrant local economy that makes living here even more attractive. Local companies such as Citi Credit Union, McDonalds, Sheetz Gas Station and Dollar General provide essential services to residents and make living in this small town much more affordable. Furthermore, there are plenty of rental opportunities available as well; from large single family homes to conversion lofts, one can easily find their perfect home at an affordable rate.
Funkstown (zip 21734) has an unemployment rate of 5.6%. The US average is 6.0%.
Funkstown (zip 21734) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Funkstown (zip 21734)
- The Sales Tax Rate for Funkstown (zip 21734) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Funkstown (zip 21734) 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 Funkstown (zip 21734)
- The average income of a Funkstown (zip 21734) resident is $38,000 a year. The US average is $37,638 a year.
- The Median household income of a Funkstown (zip 21734) resident is $38,235 a year. The US average is $69,021 a year.