White Oak, MD is an attractive suburb of Washington D.C. and is known for its diverse population and affordable housing. 2 bedroom rent in White Oak costs about $1,880, which is more than $400 cheaper than the US average. Additionally, the Grocery Cost Index in White Oak comes in at 111 versus the national number of 100, showing that groceries are slightly more expensive here than they are typically across the country. The area also has several large companies such as Lockheed Martin and Marriott International that provide local employment opportunities.
White Oak has an unemployment rate of 5.7%. The US average is 6.0%.
White Oak 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 White Oak
- The Sales Tax Rate for White Oak is 6.0%. The US average is 7.3%.
- The Income Tax Rate for White Oak 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 White Oak
- The average income of a White Oak resident is $31,642 a year. The US average is $28,555 a year.
- The Median household income of a White Oak resident is $70,303 a year. The US average is $69,021 a year.