The cost of living in 21108 Severna Park, MD is quite reasonable, with two bedroom rent estimated at $2,000 and the US average at $1,430. The grocery cost index in this location is 106 compared to 100 for the US on average. This makes it easy to manage finances while also enjoying the quality of life in this area. Local companies that can be found in 21108 Severna Park, MD include BGE Home, Chesapeake Automation Solutions Inc., East West Family Martial Arts, Cornerstone Financial Services Inc., and Little Loggerheads Learning Center. All offer unique services for residents and visitors alike.
Severna Park (zip 21108) has an unemployment rate of 4.9%. The US average is 6.0%.
Severna Park (zip 21108) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Severna Park (zip 21108)
- The Sales Tax Rate for Severna Park (zip 21108) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Severna Park (zip 21108) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Severna Park (zip 21108)
- The average income of a Severna Park (zip 21108) resident is $45,708 a year. The US average is $28,555 a year.
- The Median household income of a Severna Park (zip 21108) resident is $131,667 a year. The US average is $69,021 a year.