Reston, VA is a vibrant suburb located in Northern Virginia with a thriving economy. The cost of living in Reston is higher than the national average due to the influx of major businesses such as Microsoft, Amazon, and other large companies that have moved their headquarters to this area. The 2 bedroom rent in Reston is $2,020 compared to the national 2 bedroom rent of $1,430. Additionally, the grocery cost index in Reston stands at 112 versus the US average of 100. With its convenient location close to Washington DC and an abundance of job opportunities, Reston has become a desirable place for people looking for professional advancement and a high quality of life.
Reston has an unemployment rate of 4.6%. The US average is 6.0%.
Reston has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Reston
- The Sales Tax Rate for Reston is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reston 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 Reston
- The average income of a Reston resident is $58,826 a year. The US average is $28,555 a year.
- The Median household income of a Reston resident is $126,571 a year. The US average is $69,021 a year.