21638 Grasonville, MD is a great place for anyone looking for affordable rent. The 2 bedroom rent in this area is $2,110, which is significantly lower than the national average of $1,430. The low cost of living in 21638 Grasonville makes it an ideal option for people living on a budget. In addition to a lower rental rate, the grocery cost index in 21638 Grasonville is 105 compared to 100 in the US. This means that groceries are slightly more expensive in Grasonville than the United States national average. Local companies such as Chesapeake Food Works, Old Bay Market and The Corner Deli & Grocery offer residents with reasonably priced food options and services.
Grasonville (zip 21638) has an unemployment rate of 4.4%. The US average is 6.0%.
Grasonville (zip 21638) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Grasonville (zip 21638)
- The Sales Tax Rate for Grasonville (zip 21638) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grasonville (zip 21638) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grasonville (zip 21638)
- The average income of a Grasonville (zip 21638) resident is $43,099 a year. The US average is $28,555 a year.
- The Median household income of a Grasonville (zip 21638) resident is $120,938 a year. The US average is $69,021 a year.