Lanham, MD is a vibrant community located in the Washington D.C region. It offers plenty of amenities for its residents to enjoy, such as affordable 2 bedroom rent at $1,740 which is cheaper than the US average of $1,430. Lanham also has an above-average grocery cost index at 108 versus 100 in the US. This makes it easier for residents to get their groceries and other necessities without breaking the bank. Some local companies that are popular in Lanham include Home Depot, Giant Food Stores, Macy's, and Target. There are also plenty of local events in Lanham such as the Langley Park Art & Music Festival, which is held each year on Labor Day Weekend. Other popular events include Jazz on the Avenue which is held monthly throughout the summer, and the Community Unity Festival which celebrates diversity through music and art each July 4th weekend.
Lanham has an unemployment rate of 7.8%. The US average is 6.0%.
Lanham has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Lanham
- The Sales Tax Rate for Lanham is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lanham is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lanham
- The average income of a Lanham resident is $28,754 a year. The US average is $28,555 a year.
- The Median household income of a Lanham resident is $93,083 a year. The US average is $69,021 a year.