Redland, MD is a suburban area located in Montgomery County. It is a vibrant community that offers its residents a high quality of life. Notable companies in Redland include Appalachian Spring, Rockville Interiors, and Donahoe Companies Inc. In terms of cost of living, Redland proves to be more expensive than the average US city. The average 2 Bedroom rent in Redland is $2,020 per month versus $1,430 for the same room across the US. Similarly, the Grocery Cost Index in Redland is 111 versus 100 for the US on average. Therefore it can be said that overall Redland is slightly more expensive than most other cities in America.
Redland has an unemployment rate of 5.7%. The US average is 6.0%.
Redland has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Redland
- The Sales Tax Rate for Redland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Redland 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 Redland
- The average income of a Redland resident is $40,133 a year. The US average is $28,555 a year.
- The Median household income of a Redland resident is $129,603 a year. The US average is $69,021 a year.