Zip 20653 (Lexington Park, MD) Economy


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The small town of Lexington Park, Maryland, with a population of 20,653 provides residents with many local businesses and services for their convenience. For those looking to rent, two bedroom apartments in the area cost around $1,540 per month – slightly higher than the national average of $1,430 per month. Groceries in Lexington Park are slightly more expensive than other parts of the country; however, this is offset by a number of local businesses like Rollerskate Rink which offers a variety of activities such as roller skating and laser tag. The town also has multiple restaurants to choose from including Mama’s Pizza and Captain Charlie’s Crab House. Other key services that are available include St Mary's County Library which provides access to books and movies as well as St Mary's Hospital for medical care.

Lexington Park (zip 20653) has an unemployment rate of 4.3%. The US average is 6.0%.

Lexington Park (zip 20653) 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 Lexington Park (zip 20653)
- The Sales Tax Rate for Lexington Park (zip 20653) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lexington Park (zip 20653) 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 Lexington Park (zip 20653)
- The average income of a Lexington Park (zip 20653) resident is $31,381 a year. The US average is $28,555 a year.
- The Median household income of a Lexington Park (zip 20653) resident is $81,838 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLexington Park, MarylandUnited States
  4.36
  -1.6%-6.2%
  28.0%33.5%
  6.0%6.2%
  7.8%4.6%
  $41,039$37,638
  $81,838$69,021
  $93,998$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  7.2%6.8%
  5.8%10.0%
  1.1%2.5%
  13.6%11.0%
  4.8%4.8%
  0.7%0.8%
  1.2%1.9%
  0.4%4.7%
  2.4%1.9%
  14.0%7.6%
  0.7%0.1%
  2.4%4.2%
  9.5%9.3%
  7.9%14.0%
  0.6%2.1%
  6.7%7.0%
  3.3%4.8%
  17.4%4.7%
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