Business Notes: Maryland Ranks As Seventh Most Expensive State To Live In

Plus: Maryland updates business information website; Macy’s continues expansion of beauty company founded by two Bethesda residents


Published:

A home in Bethesda

MRIS/ File photo

Maryland ranks as the seventh most expensive state to live in and the Bethesda area is the most expensive in the state

Maryland ranked as the seventh most expensive state to live in the U.S. in CNBC’s new ranking of all 50 states. The news broadcaster ranked states based on an index of items such as average home and food prices, monthly energy bills and health costs.

The survey also included information from the most expensive area to live in each state. In Maryland, that was the Bethesda-Gaithersburg-Frederick corridor where the average home price is $746,300, a half-gallon of milk is about $2.32 and the average monthly energy bill is $176.24.

Only Oregon, Alaska, New York, Massachusetts, California and Hawaii—the most expensive state—ranked ahead of Maryland on CNBC’s new list. The three cheapest states to live in are Oklahoma, Arkansas and Mississippi.

 

Maryland updates online system to change business information

The Maryland Department of Assessments and Taxation (SDAT) this month announced it updated its Maryland Business Express website to enable business owners to file resolutions online to add, edit or remove a resident agent and change the address of a business.

Previously, owners had to file paperwork through the mail or in-person to make the changes to their business information. The state also updated the website to allow agents of limited liability companies in Maryland to make changes to their filings including enabling them to file articles of cancellation online.

“With this update, more than 18,000 filings that previously were done by mail or in-person annually can now be filed online through Maryland Business Express,” SDAT Director Michael Higgs said in a statement.

 

Macy’s to continue expansion of Bluemercury

Retail giant Macy’s is continuing its expansion of the beauty chain Bluemercury after it acquired the company founded by two Bethesda residents in 2015 for $210 million. Over the past three years it expanded the chain from 60 to 155 specialty stores. Over the next two years, Macy’s plans to continue that expansion with 55 new stores, according to the Cincinnati Business Courier.

Bluemercury sells makeup, skin care and other beauty products. The company’s founders Marla and Barry Beck live in Bethesda with their three children.

Back to Bethesda Beat

Edit Module
Edit ModuleShow Tags

Archive »Related Articles

MCPS School Calendar Surveys Show Community Preferences for Closures

Survey drew thousands of responses

County Expands Its Role at Glen Echo Park Through New Agreement with National Park Service

Under the 10-year pact, the arts and entertainment venue will remain open if there are federal shutdowns

Discovery Reportedly Close To Choosing a Buyer for Silver Spring HQ

Potomac-based Foulger-Pratt said to be one of two final bidders

Police Say Missing Bethesda Man Has Been Found Safe

Authorities, family members had been searching for the 21-year-old for days
Edit ModuleShow Tags Edit Module
Edit Module
Edit ModuleShow Tags Edit Module

Profiles

Your Guides to Leading
Local Professionals

Edit Module
Edit ModuleShow Tags Edit Module

Edit Module