Spring Ridge is a small town in Maryland located about 30 miles outside Washington D.C. Local companies include Spring Ridge Animal Hospital, Spring Ridge Gas & Grocery, and The Hair Gallery at Spring Ridge. One of the highlights of living in Spring Ridge is the cost of living which is slightly higher than the average for the United States. Specifically, 2 bedroom rent in Spring Ridge is $1,520 while it's $1,430 on average for the entire country. Additionally, grocery costs are slightly higher at 107 compared to 100 nationally. All-in-all, one can expect to pay just a bit more than the national average for basic necessities when living in Spring Ridge.
Spring Ridge has an unemployment rate of 4.9%. The US average is 6.0%.
Spring Ridge has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Spring Ridge
- The Sales Tax Rate for Spring Ridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Ridge is 7.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spring Ridge
- The average income of a Spring Ridge resident is $47,731 a year. The US average is $37,638 a year.
- The Median household income of a Spring Ridge resident is $116,786 a year. The US average is $69,021 a year.