Mountain Lake Park is a small town in Maryland that offers its residents great amenities at an affordable price. The average two-bedroom rent is only $820, compared to the national average of $1,430. The grocery cost index in Mountain Lake Park is also significantly lower than the national average at 100. With local businesses such as Major Appliance Installations and Mountain Lake Pharmacy, it’s no wonder why so many people are choosing to call this small town home. Not only do residents have easy access to shops and services, but they can also take advantage of beautiful parks like Braddock Mountain Park for recreation and relaxation. There's something for everyone in Mountain Lake Park!
Mountain Lake Park has an unemployment rate of 5.9%. The US average is 6.0%.
Mountain Lake Park has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Mountain Lake Park
- The Sales Tax Rate for Mountain Lake Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mountain Lake Park is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mountain Lake Park
- The average income of a Mountain Lake Park resident is $23,102 a year. The US average is $28,555 a year.
- The Median household income of a Mountain Lake Park resident is $51,438 a year. The US average is $69,021 a year.