Fountainhead-Orchard Hills, MD is an attractive area for families and young professionals alike due to its affordability. 2 bedroom rent is significantly lower than the national average at $1,200 versus $1,430. Additionally, the Grocery Cost Index in Fountainhead-Orchard Hills is 106 versus 100 nationally. The area also has a variety of local businesses catering to various needs such as restaurants, grocery stores, banks, and retailers. Some popular companies include Shoppers Food Warehouse, PetSmart, Wells Fargo Bank, and Target. All this makes Fountainhead-Orchard Hills an attractive destination for those looking to live in a more affordable area while still enjoying access to quality local businesses and services.
Fountainhead-Orchard Hills has an unemployment rate of 5.6%. The US average is 6.0%.
Fountainhead-Orchard Hills has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Fountainhead-Orchard Hills
- The Sales Tax Rate for Fountainhead-Orchard Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fountainhead-Orchard Hills is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fountainhead-Orchard Hills
- The average income of a Fountainhead-Orchard Hills resident is $36,238 a year. The US average is $28,555 a year.
- The Median household income of a Fountainhead-Orchard Hills resident is $84,470 a year. The US average is $69,021 a year.