Smith Island, Maryland (21866) is a great place to live with affordable housing, low grocery costs, and plenty of local amenities. On average, a two-bedroom apartment in Smith Island costs $930 per month, which is much lower than the national median of $1,430. Additionally, the cost of groceries here is 101 on the index versus 100 in the US.
Local businesses in Smith Island include the Smith Island Baking Company for homemade cakes and other treats; Crisfield Boat Works for boat maintenance and repairs; and Smith Island Kayak Tours for guided kayaking trips. With its low cost of living, friendly community atmosphere, and abundance of attractions, Smith Island is an ideal place to call home.
Smith Island (zip 21866) has an unemployment rate of 7.4%. The US average is 6.0%.
Smith Island (zip 21866) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Smith Island (zip 21866)
- The Sales Tax Rate for Smith Island (zip 21866) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Smith Island (zip 21866) is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Smith Island (zip 21866)
- The average income of a Smith Island (zip 21866) resident is $18,663 a year. The US average is $28,555 a year.
- The Median household income of a Smith Island (zip 21866) resident is $73,684 a year. The US average is $69,021 a year.