Mount Lena, MD is a small town located in Montgomery County. The cost of living here is slightly higher than the national average, with the 2-bedroom rent being $1,490 compared to $1,430 in the US. Additionally, grocery cost index of Mount Lena is 107 versus 100 in the US. As a town with a rich history and vibrant culture, Mount Lena has become home to many local companies such as Queen Anne's County Library System, R&R Lawn Care & Landscaping LLC and Frieda's Restaurant and Lounge. With its peaceful atmosphere and convenient access to nearby cities like Baltimore and Washington DC, Mount Lena provides an ideal place for families to call home.
Mount Lena has an unemployment rate of 5.6%. The US average is 6.0%.
Mount Lena has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Mount Lena
- The Sales Tax Rate for Mount Lena is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Lena 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 Mount Lena
- The average income of a Mount Lena resident is $30,594 a year. The US average is $37,638 a year.
- The Median household income of a Mount Lena resident is $0 a year. The US average is $69,021 a year.