Grantsville, MD is a small rural town located in Garrett County in the western part of Maryland. It has a population of 2,153 and is known for its historic architecture and close proximity to Deep Creek Lake. The average two-bedroom rent here is $830 compared to the US average of $1,430. Prices at local grocery stores are lower than national averages with an index of 98 versus 100 nationally.
The local economy in Grantsville revolves around tourism, as many flock here to take part in outdoor activities such as hiking and boating on Deep Creek Lake or skiing on Wisp Resort's slopes. Local businesses include restaurants like Pineside Restaurant-Bar & Grill, shops like Rustic Touch Boutique & Gifts, and services like Lakeridge Veterinary Clinic. Other key employers include Garrett Regional Medical Center and Walmart which provides jobs for many residents of Grantsville.
Grantsville (zip 21536) has an unemployment rate of 5.9%. The US average is 6.0%.
Grantsville (zip 21536) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Grantsville (zip 21536)
- The Sales Tax Rate for Grantsville (zip 21536) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grantsville (zip 21536) 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 Grantsville (zip 21536)
- The average income of a Grantsville (zip 21536) resident is $32,230 a year. The US average is $37,638 a year.
- The Median household income of a Grantsville (zip 21536) resident is $60,268 a year. The US average is $69,021 a year.