La Plata, MD is a great place to live due to its low rent costs. The two bedroom rent for La Plata is $1,650, which is slightly higher than the US average of $1,430. It also has a lower grocery cost index than the national average; it’s at 108 versus 100 in the US. Local companies include Sobeys Supermarket and Southern Maryland Electric Cooperative (SMECO). The cost of living in La Plata is quite affordable compared to other areas. With its low rental rates and reasonable grocery prices, La Plata presents an attractive option for those looking for a new home.
La Plata has an unemployment rate of 5.9%. The US average is 6.0%.
La Plata 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 37.1%, which is higher than the US average of 33.5%.
Tax Rates for La Plata
- The Sales Tax Rate for La Plata is 6.0%. The US average is 7.3%.
- The Income Tax Rate for La Plata is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for La Plata
- The average income of a La Plata resident is $37,729 a year. The US average is $28,555 a year.
- The Median household income of a La Plata resident is $108,043 a year. The US average is $69,021 a year.