Parsonsburg, Maryland is a small town located in the Eastern side of the state, boasting a population of just over 2,000. It is an ideal place for those looking to rent an affordable two bedroom apartment, with the average rental rate being around $1,000 - much less than the US average of $1,430. The grocery cost index is also lower than the national average at 105 versus 100 in the US.
Parsonsburg's proximity to larger cities like Salisbury and Ocean City give locals plenty of opportunities for recreation and entertainment. There are numerous local businesses in town such as Parsonsburg Fire Company, Country Financial Insurance Agency, and Mariner Collectibles & Comics that all offer great services to residents. Additionally there are many attractions nearby such as Assateague Island National Seashore and Frontier Town Water Park for fun summer days out.
Parsonsburg (zip 21849) has an unemployment rate of 6.6%. The US average is 6.0%.
Parsonsburg (zip 21849) has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Parsonsburg (zip 21849)
- The Sales Tax Rate for Parsonsburg (zip 21849) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parsonsburg (zip 21849) 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 Parsonsburg (zip 21849)
- The average income of a Parsonsburg (zip 21849) resident is $41,183 a year. The US average is $37,638 a year.
- The Median household income of a Parsonsburg (zip 21849) resident is $62,285 a year. The US average is $69,021 a year.