Maryland · South · 53k residents
Aspen Hill, MD: economy, jobs & business costs
The site-selection read on Aspen Hill: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,567/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Aspen Hill side by side
Avg. weekly wage
$1,567/wk
Corporate income tax
8.25%
Bachelor's degree or higher
43.3%
Commercial electricity
13.0¢/kWh
Economic momentum
We don't yet track economic momentum for Aspen Hill. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $570,000 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,656/mo |
| 2-bedroom rent | $1,905/mo |
| State & local income tax | 7.4% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,567/wk |
| Bachelor's degree or higher | 43.3% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $138,680 |
| Wage: Registered nurse | $99,790 |
| Wage: General manager | $117,930 |
| Wage: Customer service | $42,830 |
| Wage: Warehouse worker | $37,690 |
| Wage: Heavy truck driver | $59,360 |
| Wage: Electrician | $73,490 |
| Wage: Retail salesperson | $35,510 |
| Cost of living index | 122 |
| Groceries index | 105 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,400/mo |
| Median household income | $111,575 |
| Unemployment rate | 2.8% |
| Population | 53k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 34/100 |
| Disaster risk | — |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 87°F |
| January low | 27°F |
| Annual snowfall | — |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 111 mi |
| Big lake | 182 mi |
| Mountains | 78 mi |
| Major airport | 17 mi |
| Ski resort | 101 mi |
Popular comparisons
Nearby
- Glenmont, MD · 17k
- Wheaton, MD · 53k
- Rockville, MD · 68k
- Olney, MD · 36k
- Redland, MD · 19k
Similar size
- North Bethesda, MD · 50k
- Bowie, MD · 58k
- Bel Air South, MD · 58k
- Severn, MD · 58k
- Towson, MD · 59k
Real listings in Aspen Hill
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Aspen Hill a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,567/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Aspen Hill, MD?
- Aspen Hill indexes at 122 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,905/mo and a acs median home value of $570,000.
- How much does a house cost in Aspen Hill?
- The acs median home value in Aspen Hill is $570,000 (Census ACS estimate; individual listings vary).
- How much is rent in Aspen Hill?
- A two-bedroom in Aspen Hill rents for about $1,905/mo.