Lexington Park, MD is a great location for those looking for a convenient spot to call home. The two bedroom rent in the area is just $1,550, which is slightly higher than the US average of $1,430. It's also worth noting that the Grocery Cost Index in Lexington Park, MD is 107 versus 100 in the US. It's a great place to call home with many local businesses to explore including iconic restaurants such as El Dorado Mexican Grill and Tony’s Pizza Palace; specialty shops like J & J Tackle Box and Watsons Pharmacy; and service providers such as Superior Cleaners and Gulf Coast Gardening Services.
Lexington Park has an unemployment rate of 4.3%. The US average is 6.0%.
Lexington Park has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Lexington Park
- The Sales Tax Rate for Lexington Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington Park is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lexington Park
- The average income of a Lexington Park resident is $38,588 a year. The US average is $37,638 a year.
- The Median household income of a Lexington Park resident is $73,974 a year. The US average is $69,021 a year.