Severna Park, Maryland 

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Economy in Severna Park, Maryland

Severna Park has an unemployment rate of 4.0%. The US average is 5.2%.

Severna Park has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 38.0%.

Tax Rates for Severna Park
- The Sales Tax Rate for Severna Park is 6.0%. The US average is 6.0%.
- The Income Tax Rate for Severna Park is 7.3%. The US average is 4.6%.

Income and Salaries for Severna Park
- The average income of a Severna Park resident is $49,639 a year. The US average is $28,555 a year.
- The Median household income of a Severna Park resident is $121,710 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYSeverna Park, MarylandUnited States
  Unemployment Rate4.0%5.2%
  Recent Job Growth1.4%1.6%
  Future Job Growth38.8%38.0%
  Sales Taxes6.0%6.0%
  Income Taxes7.3%4.6%
  Income per Cap.$49,639$28,555
  Household Income$121,710$53,482
  Family Median Income$140,443$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.1%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction6.1%6.2%
  Manufacturing5.5%10.4%
  Wholesale trade3.7%2.7%
  Retail trade9.7%11.6%
  Transportation and warehousing1.8%4.1%
  Utilities00
  Information2.5%2.1%
  Finance and insurance4.3%4.7%
  Real estate, rental, leasing2.2%1.9%
  Professional, scientific, technical services13.7%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs2.1%4.3%
  Educational services13.3%9.3%
  Health care and social assistance13.3%13.8%
  Arts, entertainment, recreation1.4%2.2%
  Accommodation, food services4.3%7.4%
  Other services4.3%4.9%
  Public administration0.111610.04801
ECONOMY MAP
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    Reviews for Severna Park    2 Reviews
    Severna Park High Schoo; - Top Notch - 2/10/2008
    Severna Park High School is one of the best in Anne Arundel County. It has high quality academic and extra-curricular... Read More

    Start Your Review of Severna Park


    Severna Park - 6/28/2006
    Welcome to a homogenous, upper middle class community, where athletics is prized above all else. High cost of living, with median home in the 500K range. There are no... Read More


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