20708 South Laurel, MD is a diverse community located just outside of Washington D.C.. It has become an increasingly popular place to live due to its thriving economy and close proximity to major cities. The two bedroom rent in the area is $1760, higher than the US average of $1430 and the grocery cost index in this location is 109 compared with 100 in the US. People living in this area have access to numerous local businesses, including popular restaurants like Paisano’s Pizza and Barracudas Seafood Grill who pride themselves on their delicious dishes. Other nearby companies include creative design firm Green Space Design Studio and the computer repair service provider PCMD Solutions LLC. Living in 20708 South Laurel MD offers residents a great opportunity to enjoy beautiful surroundings while having access to great job opportunities and quality businesses.
South Laurel (zip 20708) has an unemployment rate of 7.8%. The US average is 6.0%.
South Laurel (zip 20708) 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 South Laurel (zip 20708)
- The Sales Tax Rate for South Laurel (zip 20708) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for South Laurel (zip 20708) 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 South Laurel (zip 20708)
- The average income of a South Laurel (zip 20708) resident is $36,615 a year. The US average is $37,638 a year.
- The Median household income of a South Laurel (zip 20708) resident is $73,025 a year. The US average is $69,021 a year.