California-Lexington Park, MD Metro Area is home to many major companies such as Lockheed Martin Aeronautics, St. Mary's College of Maryland, and Patuxent River Naval Air Station. Housing in this area can be quite expensive with an average 2 bedroom rent costing around $1,600; that is approximately $170 more than the US average of $1,430. Grocery costs in California-Lexington Park are also higher than average with a Grocery Cost Index of 108 versus 100 in the US. Despite the higher costs, this area has much to offer its residents with access to numerous recreational activities and employment opportunities provided by local businesses and industries.
California-Lexington Park Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
California-Lexington Park Metro Area 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 California-Lexington Park Metro Area
- The Sales Tax Rate for California-Lexington Park Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for California-Lexington Park Metro Area 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 California-Lexington Park Metro Area
- The average income of a California-Lexington Park Metro Area resident is $36,602 a year. The US average is $28,555 a year.
- The Median household income of a California-Lexington Park Metro Area resident is $102,859 a year. The US average is $69,021 a year.