Laytonsville, MD is a great place to live and work. The average rent for a two-bedroom apartment in the area is $2,160, which is significantly higher than the national average of $1,430. The cost of living index in Laytonsville is also higher than the national average at 114 versus 100. \nThe area has numerous companies that contribute to its economy such as Layton Corporation, an IT solutions provider; GK Group Inc., a technology consulting firm; and Marwood Group LLC., an engineering recruitment agency. Additionally, there are many retail stores and restaurants in the community that offer services to residents and visitors alike. With its affordable housing options and diverse business landscape, Laytonsville is an ideal place for people to call home.
Laytonsville has an unemployment rate of 5.7%. The US average is 6.0%.
Laytonsville has seen the job market decrease by -6.5% 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 Laytonsville
- The Sales Tax Rate for Laytonsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laytonsville 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 Laytonsville
- The average income of a Laytonsville resident is $68,128 a year. The US average is $37,638 a year.
- The Median household income of a Laytonsville resident is $168,250 a year. The US average is $69,021 a year.