Highland Springs, VA is a vibrant community located in Henrico County. It has easy access to Richmond and other surrounding cities. The cost of living in Highland Springs is quite affordable, with 2 bedroom rent averaging $1,240 compared to the US average of $1,430. Grocery costs are even more affordable with a Grocery Cost Index of 95 versus 100 in the US. Some of the local businesses at Highland Springs include Food Lion, Virginia ABC Store, Walmart Supercenter, Dollar Tree, and Starbucks.
Highland Springs has an unemployment rate of 5.2%. The US average is 6.0%.
Highland Springs has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Highland Springs
- The Sales Tax Rate for Highland Springs is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Highland Springs is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Highland Springs
- The average income of a Highland Springs resident is $20,957 a year. The US average is $28,555 a year.
- The Median household income of a Highland Springs resident is $50,684 a year. The US average is $69,021 a year.