20721 Lake Arbor, MD is a great place to live with plenty of local amenities. It has an array of companies including the local grocery store, Lake Arbor Grocery Store, and the hardware store, Lake Arbor Home Improvement Center. The area also offers many restaurants such as Italian Delight and La Carreta Mexican Restaurant. In addition to amenities, 20721 Lake Arbor MD provides plenty of recreational activities for its residents. There are several parks in the area such as Adventure Park and Lakeside Park where people can enjoy playing sports like basketball or tennis or just take a walk along the trails. Other attractions include movie theaters and golf courses like Lake Arbor Golf Course and Granite Links Golf Course. The average two-bedroom apartment rent in 20721 Lake Arbor MD is $2,330, which is slightly higher than the US average rent of $1,430 but still quite affordable for most people living in the area. Furthermore, the Grocery Cost Index in 20721 Lake Arbor MD is 110 versus 100 in the US making it a fairly affordable place to live overall.
Lake Arbor (zip 20721) has an unemployment rate of 7.8%. The US average is 6.0%.
Lake Arbor (zip 20721) 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 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Arbor (zip 20721)
- The Sales Tax Rate for Lake Arbor (zip 20721) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Arbor (zip 20721) is 8.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Arbor (zip 20721)
- The average income of a Lake Arbor (zip 20721) resident is $59,897 a year. The US average is $37,638 a year.
- The Median household income of a Lake Arbor (zip 20721) resident is $148,158 a year. The US average is $69,021 a year.