Anne Arundel County · Maryland · South · 58k residents
Severn, MD: economy, jobs & business costs
The site-selection read on Severn: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,574/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Severn side by side
Avg. weekly wage
$1,574/wk
Corporate income tax
8.25%
Bachelor's degree or higher
46.1%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Severn's economy is moving, ranked against the US cities we track.
86/100
Heating
Ranks Severn's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $479,200 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $2,059/mo |
| 2-bedroom rent | $2,239/mo |
| State & local income tax | 7.21% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,574/wk |
| Bachelor's degree or higher | 46.1% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 27.4/1k |
| Wage: Software developer | $138,900 |
| Wage: Registered nurse | $99,550 |
| Wage: General manager | $117,040 |
| Wage: Customer service | $42,850 |
| Wage: Warehouse worker | $38,630 |
| Wage: Heavy truck driver | $59,460 |
| Wage: Electrician | $65,590 |
| Wage: Retail salesperson | $34,800 |
| Cost of living index | 122 |
| Groceries index | 105 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,400/mo |
| Median household income | $134,423 |
| Unemployment rate | 2.8% |
| Population | 58k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 34/100 |
| Disaster risk | 82/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 89°F |
| January low | 25°F |
| Annual snowfall | 19 in |
| Home price YoY | +1.0% |
| Home price MoM | +0.1% |
| Rent YoY | +1.1% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +1.6% |
| Building permits YoY | — |
| Ocean coast | 91 mi |
| Big lake | 191 mi |
| Mountains | 97 mi |
| Major airport | 4 mi |
| Ski resort | 120 mi |
Popular comparisons
Nearby
- Odenton, MD · 45k
- Ferndale, MD · 18k
- Elkridge, MD · 26k
- Maryland City, MD · 19k
- Glen Burnie, MD · 73k
Similar size
- Bel Air South, MD · 58k
- Towson, MD · 59k
- Bowie, MD · 58k
- Aspen Hill, MD · 53k
- Wheaton, MD · 53k
Real listings in Severn
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Severn a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,574/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Severn, MD?
- Severn indexes at 122 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,239/mo and a acs median home value of $479,200.
- How much does a house cost in Severn?
- The acs median home value in Severn is $479,200 (Census ACS estimate; individual listings vary).
- How much is rent in Severn?
- A two-bedroom in Severn rents for about $2,239/mo.