Fairmount Heights, MD is an affordable place to live with a median 2 bedroom rent of $1,400 - lower than the US average of $1,430. Grocery shopping in Fairmount Heights is also relatively inexpensive with a Grocery Cost Index of 106 versus 100 in the US. Local businesses in the area include family-owned stores like M&M Food Market and grocery stores such as Giant Foods and Safeway. There are also plenty of amenities in the neighborhood including parks, schools, churches and other recreational activities.
Fairmount Heights has an unemployment rate of 7.8%. The US average is 6.0%.
Fairmount Heights has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Fairmount Heights
- The Sales Tax Rate for Fairmount Heights is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmount Heights 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 Fairmount Heights
- The average income of a Fairmount Heights resident is $24,602 a year. The US average is $28,555 a year.
- The Median household income of a Fairmount Heights resident is $68,375 a year. The US average is $69,021 a year.