Tall Timbers, MD is a small town located close to the city of Washington DC. It is known for its great outdoor activities such as hiking, fishing, and camping, as well as being close to many restaurants and entertainment options. The cost of living in Tall Timbers is on par with the rest of the US, with 2 bedroom rent averaging $1,520 per month compared to $1,430 nationally. The Grocery Cost Index in Tall Timbers is also about 8% higher than the national average at 108 versus 100. There are many local businesses in Tall Timbers that offer services ranging from construction and landscaping services to grocery stores and restaurants such as Big Bites BBQ and Family Dollar. All these local businesses provide job opportunities for locals and add to the vibrant atmosphere of the community.
Tall Timbers has an unemployment rate of 4.3%. The US average is 6.0%.
Tall Timbers has seen the job market decrease by -1.6% 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 Tall Timbers
- The Sales Tax Rate for Tall Timbers is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tall Timbers is 7.8%. The US average is 4.6%.
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Income and Salaries for Tall Timbers
- The average income of a Tall Timbers resident is $60,435 a year. The US average is $37,638 a year.
- The Median household income of a Tall Timbers resident is $194,063 a year. The US average is $69,021 a year.