Loch Lynn Heights is a small town in Maryland. It is known for its affordability, with an average two bedroom rent of only $820 compared to the US average of $1,430. Additionally, groceries are very affordable in Loch Lynn Heights, as the Grocery Cost Index is exactly the same as the US index of 100. Residents of Loch Lynn Heights can further enjoy their low cost of living by visiting local attractions such as New Germany State Park or Patapsco Valley State Park and explore their many trails and scenic attractions. Businesses in the area include C&G Automotive Services, Fairview Landscaping and Supply Company, and Hagerstown Carpet Outlet.
Loch Lynn Heights has an unemployment rate of 5.9%. The US average is 6.0%.
Loch Lynn Heights has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Loch Lynn Heights
- The Sales Tax Rate for Loch Lynn Heights is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loch Lynn Heights is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Loch Lynn Heights
- The average income of a Loch Lynn Heights resident is $14,093 a year. The US average is $28,555 a year.
- The Median household income of a Loch Lynn Heights resident is $52,500 a year. The US average is $69,021 a year.