Woodsboro, MD is a small town located in Frederick County with a population of just over 1,000 people. It has a median 2-bedroom rent of $1,040 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Woodsboro is 108 versus 100 in the US, demonstrating that goods and services tend to be more expensive here.
Despite its small size and limited budget opportunities for residents, Woodsboro offers many attractions and amenities that draw people to the area. There are numerous local companies that contribute to the town's economy including Woodsboro Hardware & Supply Co., TSR Electric LLC, The Mountain Heritage Inn Bed & Breakfast, Clement Farms Market & Bakery, Zouck Machine Corporation, Corbitt Construction Company and Woodford Excavating Services. These businesses provide employment opportunities for local residents while also supporting the economic growth of Woodsboro.
Woodsboro (zip 21798) has an unemployment rate of 4.9%. The US average is 6.0%.
Woodsboro (zip 21798) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Woodsboro (zip 21798)
- The Sales Tax Rate for Woodsboro (zip 21798) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodsboro (zip 21798) is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Woodsboro (zip 21798)
- The average income of a Woodsboro (zip 21798) resident is $41,906 a year. The US average is $37,638 a year.
- The Median household income of a Woodsboro (zip 21798) resident is $94,934 a year. The US average is $69,021 a year.