Lutherville, MD is a charming suburb located near Baltimore. The city's proximity to the larger urban area makes it an ideal place for young professionals and families who want to enjoy the benefits of living in a small community while still taking advantage of the nearby big city lifestyle. In terms of amenities, Lutherville offers plenty of housing options, including 2 bedroom rental prices that are slightly higher than the U.S. average at $1,460. Residents will also find plenty of shopping opportunities with a Grocery Cost Index that is 5% higher than the national average. Local businesses in Lutherville include Burns & Scalo Roofing Co., Hannah Creative Group, and Martin Insurance Agency. For those looking for entertainment and outdoor recreation near Lutherville, local attractions include Doctor's Lake Park, Jackson Memorial Park, and Tuckey's Wildlife Sanctuary.
Lutherville has an unemployment rate of 6.0%. The US average is 6.0%.
Lutherville has seen the job market decrease by -6.2% 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 Lutherville
- The Sales Tax Rate for Lutherville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lutherville 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 Lutherville
- The average income of a Lutherville resident is $53,884 a year. The US average is $37,638 a year.
- The Median household income of a Lutherville resident is $129,567 a year. The US average is $69,021 a year.