Parole, MD is a vibrant community located in Anne Arundel County. It is home to a variety of businesses such as the Annapolis Mall, which offers shopping, dining and entertainment options. The area also boasts of several local eateries like the Parole House Restaurant, which serves American fare. Furthermore, Parole's close proximity to Washington DC makes commuting to work easy for residents.
Rent in Parole is more expensive than other areas in the US with the average two bedroom apartment costing about $2,090 compared to the national average of $1,430 dollars. Despite this higher cost of living, residents benefit from lower grocery costs due to Parole's Grocery Cost Index (GCI) rating of 106 versus 100 in the US on average. This means groceries are 6% cheaper than most other places across America.
Parole has an unemployment rate of 4.9%. The US average is 6.0%.
Parole 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 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Parole
- The Sales Tax Rate for Parole is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parole is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Parole
- The average income of a Parole resident is $53,124 a year. The US average is $28,555 a year.
- The Median household income of a Parole resident is $111,995 a year. The US average is $69,021 a year.