Carroll County · Maryland · South · 20k residents
Westminster, MD: economy, jobs & business costs
The site-selection read on Westminster: 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 $1,140/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Westminster side by side
Avg. weekly wage
$1,140/wk
Corporate income tax
8.25%
Bachelor's degree or higher
36.3%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Westminster's economy is moving, ranked against the US cities we track.
53/100
Steady
Ranks Westminster's 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 | $337,600 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,195/mo |
| 2-bedroom rent | $1,668/mo |
| State & local income tax | 7.43% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,140/wk |
| Bachelor's degree or higher | 36.3% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 26.3/1k |
| Wage: Software developer | $138,900 |
| Wage: Registered nurse | $99,550 |
| Wage: General manager | $117,040 |
| Wage: Customer service | $42,850 |
| Wage: Warehouse worker | $38,630 |
| Wage: Heavy truck driver | $59,460 |
| Wage: Electrician | $65,590 |
| Wage: Retail salesperson | $34,800 |
| Cost of living index | 106 |
| 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 | $86,219 |
| Unemployment rate | 2.8% |
| Population | 20k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 60/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 85°F |
| January low | 21°F |
| Annual snowfall | 28 in |
| Home price YoY | +1.5% |
| Home price MoM | +0.1% |
| Rent YoY | +2.6% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +0.4% |
| Building permits YoY | — |
| Ocean coast | 118 mi |
| Big lake | 214 mi |
| Mountains | 101 mi |
| Major airport | 31 mi |
| Ski resort | 122 mi |
Popular comparisons
Nearby
- Eldersburg, MD · 32k
- Reisterstown, MD · 26k
- Owings Mills, MD · 37k
- Randallstown, MD · 36k
- Milford Mill, MD · 31k
Similar size
- Rosedale, MD · 20k
- Hyattsville, MD · 21k
- Langley Park, MD · 22k
- Maryland City, MD · 19k
- Beltsville, MD · 19k
Real listings in Westminster
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Westminster 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 $1,140/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 Westminster, MD?
- Westminster indexes at 106 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,668/mo and a acs median home value of $337,600.
- How much does a house cost in Westminster?
- The acs median home value in Westminster is $337,600 (Census ACS estimate; individual listings vary).
- How much is rent in Westminster?
- A two-bedroom in Westminster rents for about $1,668/mo.