Overlea, MD is a vibrant area located in Baltimore County with plenty of local amenities, restaurants, and shops. The cost of living in Overlea is slightly higher than the national average. The median rent for a two bedroom apartment is $1,470 compared to $1,430 nationally. Grocery costs are also higher with an index of 100 compared to the US index of 100 as well. Despite this cost increase, Overlea has many great businesses that residents can take advantage of such as Woodcroft Shopping Center, Mr Tire Auto Service Centers, Phillips Seafood Express and more. With its convenient location and local amenities, Overlea makes a great home for anyone looking for an area full of opportunity and activity.
Overlea has an unemployment rate of 6.0%. The US average is 6.0%.
Overlea 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 Overlea
- The Sales Tax Rate for Overlea is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Overlea 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 Overlea
- The average income of a Overlea resident is $28,969 a year. The US average is $28,555 a year.
- The Median household income of a Overlea resident is $71,594 a year. The US average is $69,021 a year.