20692 Valley Lee, MD is a small town located on the Southern Maryland peninsula just outside of Lexington Park. This charming rural area has a low cost of living compared to other cities in the US. The average rent for a two bedroom apartment in 20692 Valley Lee is $1,440 per month, which is relatively inexpensive when compared to the US average of $1,430. Grocery costs are also low with an index of 108 versus 100 for the United States. The local grocery stores include Food Lion and St. Mary's Supermarket, both offering excellent prices on everyday items and produce. Additionally, there are also smaller independent stores such as Valley Lee Market that offer even lower prices on everyday items.
Valley Lee (zip 20692) has an unemployment rate of 4.3%. The US average is 6.0%.
Valley Lee (zip 20692) 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 Valley Lee (zip 20692)
- The Sales Tax Rate for Valley Lee (zip 20692) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Valley Lee (zip 20692) 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 Valley Lee (zip 20692)
- The average income of a Valley Lee (zip 20692) resident is $41,747 a year. The US average is $28,555 a year.
- The Median household income of a Valley Lee (zip 20692) resident is $161,316 a year. The US average is $69,021 a year.