Winchester, VA is an ideal place to live for many reasons. The cost of living in Winchester is less expensive than the US average; 2 bedroom rent averages $1,270 which is $160 less than the US average, and the Grocery Cost Index is slightly higher at 106 versus 100 in the US. Despite being more affordable, Winchester still has a vibrant economy with several local companies such as Kollmorgen Corporation and Valley Health Systems. The town also offers a variety of recreational activities like Apple Blossom Mall and Museum of the Shenandoah Valley for tourists and residents alike to enjoy. All in all, Winchester offers a combination of affordability and diversity that cannot be matched.
Winchester has an unemployment rate of 4.6%. The US average is 6.0%.
Winchester has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Winchester 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 Winchester
- The average income of a Winchester resident is $26,624 a year. The US average is $28,555 a year.
- The Median household income of a Winchester resident is $61,321 a year. The US average is $69,021 a year.