20707 Laurel, MD is a great place to live with a range of amenities for both locals and visitors. Rent prices for two-bedroom homes are $1,810 per month which is higher than the national average of $1,430. Grocery Cost Index in 20707 Laurel is 107 compared to the US average 100, meaning groceries here can be slightly more expensive. Laurel is home to several local companies such as Chaney Enterprises Inc., Evergreen Nursery Ltd., and Decon Cleaning Services LLC. Residents can find both traditional chain stores like Walgreens and Target as well as independent retailers like Bodes Boutique. Popular restaurants include Tandoori Nights Indian Cuisine & Bar, Armadillo’s TexMex Grill & Cantina, and Pho Nam Restaurant. Whether you are looking for shopping or dining out, you will easily find something to your liking in 20707 Laurel!
Laurel (zip 20707) has an unemployment rate of 9.0%. The US average is 6.0%.
Laurel (zip 20707) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Laurel (zip 20707)
- The Sales Tax Rate for Laurel (zip 20707) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel (zip 20707) 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 Laurel (zip 20707)
- The average income of a Laurel (zip 20707) resident is $35,859 a year. The US average is $28,555 a year.
- The Median household income of a Laurel (zip 20707) resident is $91,315 a year. The US average is $69,021 a year.