Washington County · Maryland · South · 44k residents
Hagerstown, MD: economy, jobs & business costs
The site-selection read on Hagerstown: 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 $1,139/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Hagerstown side by side
Avg. weekly wage
$1,139/wk
Corporate income tax
8.25%
Bachelor's degree or higher
20.5%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Hagerstown's economy is moving, ranked against the US cities we track.
63/100
Steady
Ranks Hagerstown'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 | $224,500 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $769/mo |
| 2-bedroom rent | $1,157/mo |
| State & local income tax | 7.35% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,139/wk |
| Bachelor's degree or higher | 20.5% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 23.8/1k |
| Wage: Software developer | $122,830 |
| Wage: Registered nurse | $92,770 |
| Wage: General manager | $92,420 |
| Wage: Customer service | $38,200 |
| Wage: Warehouse worker | $37,190 |
| Wage: Heavy truck driver | $56,310 |
| Wage: Electrician | $62,310 |
| Wage: Retail salesperson | $31,490 |
| Cost of living index | 92 |
| 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 | $52,221 |
| Unemployment rate | 2.8% |
| Population | 44k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 69/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 86°F |
| January low | 22°F |
| Annual snowfall | — |
| Home price YoY | +0.7% |
| Home price MoM | -0.1% |
| Rent YoY | +3.9% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | +2.9% |
| Building permits YoY | -34.6% |
| Ocean coast | 156 mi |
| Big lake | 202 mi |
| Mountains | 82 mi |
| Major airport | 49 mi |
| Ski resort | 87 mi |
Popular comparisons
Nearby
- Frederick, MD · 83k
- Ballenger Creek, MD · 26k
- Clarksburg, MD · 30k
- Damascus, MD · 18k
- Westminster, MD · 20k
Similar size
- Catonsville, MD · 43k
- Odenton, MD · 45k
- Potomac, MD · 46k
- Annapolis, MD · 41k
- Essex, MD · 41k
Real listings in Hagerstown
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Hagerstown 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 $1,139/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 Hagerstown, MD?
- Hagerstown indexes at 92 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,157/mo and a acs median home value of $224,500.
- How much does a house cost in Hagerstown?
- The acs median home value in Hagerstown is $224,500 (Census ACS estimate; individual listings vary).
- How much is rent in Hagerstown?
- A two-bedroom in Hagerstown rents for about $1,157/mo.