Frederick County · Maryland · South · 83k residents
Frederick, MD: economy, jobs & business costs
The site-selection read on Frederick: 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 $1,359/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Frederick side by side
Avg. weekly wage
$1,359/wk
Corporate income tax
8.25%
Bachelor's degree or higher
43.2%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Frederick's economy is moving, ranked against the US cities we track.
18/100
Cooling
Ranks Frederick'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 | $401,500 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,472/mo |
| 2-bedroom rent | $1,776/mo |
| State & local income tax | 7.36% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,359/wk |
| Bachelor's degree or higher | 43.2% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 24.9/1k |
| Wage: Software developer | $154,930 |
| Wage: Registered nurse | $102,710 |
| Wage: General manager | $156,460 |
| Wage: Customer service | $46,220 |
| Wage: Warehouse worker | $37,870 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $75,930 |
| Wage: Retail salesperson | $36,610 |
| Cost of living index | 111 |
| 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 | $97,069 |
| Unemployment rate | 2.8% |
| Population | 83k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 34/100 |
| Disaster risk | 74/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 89°F |
| January low | 27°F |
| Annual snowfall | — |
| Home price YoY | -1.1% |
| Home price MoM | -0.1% |
| Rent YoY | +2.1% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | -1.3% |
| Building permits YoY | -32.4% |
| Ocean coast | 133 mi |
| Big lake | 199 mi |
| Mountains | 78 mi |
| Major airport | 32 mi |
| Ski resort | 99 mi |
Popular comparisons
Nearby
- Ballenger Creek, MD · 26k
- Clarksburg, MD · 30k
- Damascus, MD · 18k
- Germantown, MD · 91k
- Montgomery Village, MD · 34k
Similar size
- Waldorf, MD · 83k
- Silver Spring, MD · 81k
- Ellicott City, MD · 75k
- Glen Burnie, MD · 73k
- Gaithersburg, MD · 70k
Real listings in Frederick
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Frederick 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 $1,359/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 Frederick, MD?
- Frederick indexes at 111 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,776/mo and a acs median home value of $401,500.
- How much does a house cost in Frederick?
- The acs median home value in Frederick is $401,500 (Census ACS estimate; individual listings vary).
- How much is rent in Frederick?
- A two-bedroom in Frederick rents for about $1,776/mo.