21077 Severn, MD is a great place to live as it has many advantages. The average 2 bedroom rent is $2,280 which is relatively low compared to the US average of $1,430. Not only that but grocery costs in and around Severn are also what you would expect in the area as the Grocery Cost Index of 104 versus 100 in the US makes it an affordable option.
In terms of local attractions and companies, 21077 Severn, MD is home to many great businesses such as Heyser Automotive, LG Painting & Decorating Services LLC and Dogwood Acres Pet Retreat. Its also close by to popular attractions such as Torrey C Brown Rail Trail, Severna Park Community Center and Kinder Farm Park.
Severn (zip 21077) has an unemployment rate of 4.9%. The US average is 6.0%.
Severn (zip 21077) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Severn (zip 21077)
- The Sales Tax Rate for Severn (zip 21077) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Severn (zip 21077) is 7.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Severn (zip 21077)
- The average income of a Severn (zip 21077) resident is $53,959 a year. The US average is $28,555 a year.
- The Median household income of a Severn (zip 21077) resident is $161,382 a year. The US average is $69,021 a year.