Glenmont, Maryland is an attractive residential destination for those looking to rent a 2 bedroom home. The average monthly rent for a two-bedroom home in Glenmont is $1,870 and the national average for the same size of home is only $1,430. Additionally, groceries are more expensive in Glenmont than the US average as evidenced by the grocery cost index being 109 versus 100 nationally.
Home to many businesses and attractions, Glenmont has much to offer residents. Local companies such as Glenmont Auto Repair and Construction Solutions provide quality services while others such as New Media Designs LLC contribute to the local economy. For entertainment, locals can visit the Brookside Gardens or take part in various events hosted by Cedar Lane Park. With its affordable housing costs and recreational opportunities, it’s no wonder that Glenmont has become such an attractive residential destination for many!
Glenmont has an unemployment rate of 5.7%. The US average is 6.0%.
Glenmont 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 Glenmont
- The Sales Tax Rate for Glenmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Glenmont 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 Glenmont
- The average income of a Glenmont resident is $35,301 a year. The US average is $28,555 a year.
- The Median household income of a Glenmont resident is $108,093 a year. The US average is $69,021 a year.