Fairland, MD is a great place to live due to its affordability and low cost of living. The two bedroom rent in Fairland is $1,940 which is much lower than the average two bedroom rent in the US of $1,430. The grocery cost index in Fairland is also lower than the national average with a value of 110 versus 100 in the US. \nThe local job market in Fairland is thriving with local companies such as IKEA, Marriott International, Walmart, and Target all providing employment opportunities. Other major employers nearby include Johns Hopkins Health System and MedStar Health. With these employers and many more providing jobs in the area, there are plenty of opportunities for residents to find work that fits their skillset and interests.
Fairland has an unemployment rate of 5.7%. The US average is 6.0%.
Fairland 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 Fairland
- The Sales Tax Rate for Fairland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairland 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 Fairland
- The average income of a Fairland resident is $32,259 a year. The US average is $28,555 a year.
- The Median household income of a Fairland resident is $85,565 a year. The US average is $69,021 a year.