21545 Mount Savage, MD is an area in Allegany County located near Cumberland. It has a population of 1,471 as of 2019 and is known for its rich history and scenic views. Notable local companies include Cable-X, Hinkle Supply Company, and Wolfe & Sons Logging. The area is also close to the many outdoor activities offered by both Savage River State Forest and Green Ridge State Forest. Rent for a two bedroom apartment in this area is $890 compared to the US average of $1,430 per month while the grocery cost index is 99 versus 100 in the US.
Mount Savage (zip 21545) has an unemployment rate of 6.9%. The US average is 6.0%.
Mount Savage (zip 21545) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Savage (zip 21545)
- The Sales Tax Rate for Mount Savage (zip 21545) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Savage (zip 21545) 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 Mount Savage (zip 21545)
- The average income of a Mount Savage (zip 21545) resident is $34,013 a year. The US average is $37,638 a year.
- The Median household income of a Mount Savage (zip 21545) resident is $48,654 a year. The US average is $69,021 a year.