Everything You Need to Know About the City of Germantown Maryland
In 2017, Germantown, MD had a population of 91.4k people with a median age of 34.9 and a median household income of $89,720. Somewhere in the range of 2016 and 2017 the number of inhabitants in Germantown, MD developed from 90,494 to 91,447, a 1.05% increase, and its median household income developed from $85,225 to $89,720, a 5.27% increase.
The number of inhabitants in Germantown, Maryland is 30.9% White Alone, 23.8% Black or African American Alone, and 22.4% Hispanic or Latino. N/A% of the people in Germantown, MD communicate in a non-English language, and 85.1% are U.S. residents.
The median property value in Germantown, MD is $326,600, and the homeownership rate is 64.5%. A great many people in Germantown, MD drive-by Drove Alone, and the average drive time is 34.9 minutes. The average vehicle proprietorship in Germantown, MD is 2 vehicles for each household.
92% of the number of inhabitants in Germantown, MD has health coverage, with 61.3% on representative plans, 14.8% on Medicaid, 5.22% on Medicare, 9.43% on non-bunch plans, and 1.23% on military or VA plans.
Per capita close to home health care spending in the spot of Germantown, MD was $8,602 in 2014. This is a 4.27% increase from the earlier year ($8,250).
Essential consideration doctors in Germantown, MD see 732 patients for each year on average, which speaks to a 1.24% increase from the earlier year (723 patients). Compare this to dentists who see 830 patients per year, and mental health providers who see 357 patients per year.
Comparing across all counties in the state, Dorchester County has the highest prevalence of diabetes (15.8%). Additionally, Somerset County has the highest prevalence of adult obesity (44.7%)
The economy of Germantown, MD employs 50.6k people and Germantown has an unemployment rate of 3.3%. Germantown has seen the job market increase by 0.8% throughout the most recent year. Future job development throughout the following ten years is anticipated to be 31.0%, which is lower than the US average of 33.5%. The biggest enterprises in Germantown, MD are Professional, Scientific, and Technical Services (8,936 people), Health Care and Social Assistance (5,678 people), and Retail Trade (5,228 people), and the highest paying industries are Public Administration ($84,530), Professional, Scientific, & Technical Services ($84,087), and Utilities ($75,969).
Households in Germantown, MD have a median annual income of $89,720, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $85,225 in 2016, which represents a 5.27% annual growth.
Tax Rates for Germantown
– The Sales Tax Rate for Germantown is 6.0%.
– The Income Tax Rate for Germantown is 8.0%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Germantown
– The average income of a Germantown resident is $36,725 a year.
– The Median household income of a Germantown resident is $86,472 a year.
