Chatham, VA is a beautiful small town situated in the rolling hills of Virginia. It has a population of around 8,000 people and offers a peaceful and tranquil lifestyle. The cost of living in Chatham is quite affordable with 2 bedroom rent being $770 compared to the US average of $1,430. Grocery costs are also relatively inexpensive at 93 on the index versus 100 for the US.
The town is home to several local businesses such as Chatham Beauty Supply, Parkview Grocery, Bennett's Carpet Cleaning, and Kim's Home Improvement Center. There are also many popular attractions such as Charwood Golf Course, Piedmont Music Festival Grounds, and Chatham Museum & Library. These places offer plenty of activities for all ages in addition to great shopping options. In conclusion, Chatham provides an affordable cost of living along with plenty of entertainment options making it an ideal place to live or visit.
Chatham has an unemployment rate of 5.1%. The US average is 6.0%.
Chatham has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Chatham
- The Sales Tax Rate for Chatham is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Chatham 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 Chatham
- The average income of a Chatham resident is $27,849 a year. The US average is $28,555 a year.
- The Median household income of a Chatham resident is $52,344 a year. The US average is $69,021 a year.