Cecil County · Maryland · South · 16k residents
Elkton, MD: economy, jobs & business costs
The site-selection read on Elkton: 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 $1,281/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Elkton side by side
Avg. weekly wage
$1,281/wk
Corporate income tax
8.25%
Bachelor's degree or higher
21.6%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Elkton's economy is moving, ranked against the US cities we track.
26/100
Cooling
Ranks Elkton's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $293,400 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $925/mo |
| 2-bedroom rent | $1,349/mo |
| State & local income tax | 7.2% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,281/wk |
| Bachelor's degree or higher | 21.6% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 19.2/1k |
| Wage: Software developer | $133,040 |
| Wage: Registered nurse | $101,180 |
| Wage: General manager | $121,630 |
| Wage: Customer service | $47,070 |
| Wage: Warehouse worker | $36,800 |
| Wage: Heavy truck driver | $59,370 |
| Wage: Electrician | $74,590 |
| Wage: Retail salesperson | $34,810 |
| Cost of living index | 99 |
| 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 | $58,640 |
| Unemployment rate | 2.8% |
| Population | 16k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 59/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 89°F |
| January low | 25°F |
| Annual snowfall | — |
| Home price YoY | +1.5% |
| Home price MoM | +0.1% |
| Rent YoY | +4.6% |
| Rent MoM | +0.8% |
| Employment (jobs) YoY | +0.2% |
| Building permits YoY | -88.5% |
| Ocean coast | 69 mi |
| Big lake | 180 mi |
| Mountains | 102 mi |
| Major airport | 36 mi |
| Ski resort | 102 mi |
Popular comparisons
Nearby
- Aberdeen, MD · 17k
- Bel Air South, MD · 58k
- Edgewood, MD · 25k
- Bel Air North, MD · 31k
- Perry Hall, MD · 29k
Similar size
- Bensville, MD · 16k
- Rossville, MD · 16k
- Hillcrest Heights, MD · 16k
- Mays Chapel, MD · 16k
- Brooklyn Park, MD · 16k
Real listings in Elkton
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Elkton 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 $1,281/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 Elkton, MD?
- Elkton indexes at 99 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,349/mo and a acs median home value of $293,400.
- How much does a house cost in Elkton?
- The acs median home value in Elkton is $293,400 (Census ACS estimate; individual listings vary).
- How much is rent in Elkton?
- A two-bedroom in Elkton rents for about $1,349/mo.