Highland, MD is a suburb of Baltimore that offers many amenities and attractions. It has a population of approximately 18,000 people and is located close to both Baltimore and Washington, D.C. With two bedroom rent in Highland, MD at $2,290 per month versus $1,430 in the US on average, it can be said that the cost of living is higher than the national average but still relatively affordable. Local companies which contribute to the economy include Cyber Point International LLC, Brightview Landscape Services LLC, Convar Solutions Inc., and B&B Automotive Repair Inc. The Grocery Cost Index in Highland is 111 versus 100 in the US indicating that groceries are more expensive here than in other parts of the country.
Highland has an unemployment rate of 4.5%. The US average is 6.0%.
Highland 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 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Highland
- The Sales Tax Rate for Highland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Highland 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 Highland
- The average income of a Highland resident is $104,964 a year. The US average is $37,638 a year.
- The Median household income of a Highland resident is $193,929 a year. The US average is $69,021 a year.