Severna Park is a suburban community located in Anne Arundel County, MD. The rental cost of a 2-bedroom apartment in Severna Park is about $2,120 which is significantly higher than the average rent cost of $1,430 in the United States. Additionally, Severna Park has an above average Grocery Cost Index rating of 107 versus 100 in the US. Local companies within the Severna Park area include Evergreen Health & Wellness, Ledo Pizza, and The Bay Front Inn & Spa. With its close-knit neighborhood atmosphere and vibrant community offerings, there's plenty to enjoy about living in Severna Park.
Severna Park has an unemployment rate of 4.9%. The US average is 6.0%.
Severna Park 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
- The Sales Tax Rate for Severna Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Severna Park 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
- The average income of a Severna Park resident is $49,639 a year. The US average is $28,555 a year.
- The Median household income of a Severna Park resident is $150,871 a year. The US average is $69,021 a year.