Herald Harbor, MD is a small town located in Anne Arundel County with a population of around 3,000 people. It’s known for its lovely parks and waterfront views. The cost of living is quite high here; the median rent for a two bedroom apartment is $1,930 compared to the US average of $1,430. The grocery cost index in Herald Harbor is 107 versus 100 in the US. A number of local companies serve this community including: Joe’s Carpet Cleaners, Tozer Financial Services, and Chesapeake Seafood Shack. All in all, Herald Harbor has something to offer everyone from water-front relaxation to business resources.
Herald Harbor has an unemployment rate of 4.9%. The US average is 6.0%.
Herald Harbor has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Herald Harbor
- The Sales Tax Rate for Herald Harbor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Herald Harbor is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Herald Harbor
- The average income of a Herald Harbor resident is $77,478 a year. The US average is $37,638 a year.
- The Median household income of a Herald Harbor resident is $136,184 a year. The US average is $69,021 a year.