Lochearn, MD is an ideal location for living or working. It is conveniently located near major cities and highways. Local companies include health care providers such as Novant Health and Kaiser Permanente, as well as grocery stores like Safeway and Giant. As for accommodations, two-bedroom rent in Lochearn, MD is the same price as the national average of $1,430 per month. The grocery cost index in the area is also slightly higher than the US average of 100, at 101. Lochearn, MD offers affordable housing and access to quality services that make it an attractive option for those looking to relocate in Maryland.
Lochearn has an unemployment rate of 6.0%. The US average is 6.0%.
Lochearn has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Lochearn
- The Sales Tax Rate for Lochearn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lochearn is 7.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lochearn
- The average income of a Lochearn resident is $28,458 a year. The US average is $28,555 a year.
- The Median household income of a Lochearn resident is $68,205 a year. The US average is $69,021 a year.