Economy in Madison Heights, Virginia
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Economy
| Unemployment Rate | 7.10% | 9.10% |
| Recent Job Growth | 1.40% | -0.12% |
| Future Job Growth | 35.70% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.75% | 6.25% |
| Income per Cap. | $19,789 | $27,067 |
| Household Income | $42,509 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.64% | 12.10% |
| Income between 15K and 25K | 13.72% | 10.18% |
| Income between 25K and 35K | 13.88% | 10.56% |
| Income between 35K and 50K | 17.43% | 14.98% |
| Income between 50K and 75K | 23.81% | 19.53% |
| Income between 75K and 100K | 9.51% | 12.52% |
| Income between 100K and 150K | 6.11% | 12.14% |
| Income between 150K and 250K | 1.23% | 3.91% |
| Income between 250K and 500K | 0.56% | 3.34% |
| Income greater than 500K | 0.11% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 8.24% | 13.81% |
| Professional and Related Occupations | 18.86% | 22.68% |
| Service | 13.79% | 14.51% |
| Sales and Office | 23.89% | 25.22% |
| Farming, Fishing, and Forestry | 0.93% | 0.68% |
| Construction, Extraction, and Maintenance | 11.21% | 9.37% |
| Production, Transportation, and Material Moving | 24.44% | 15.86% |
The unemployment rate in Madison Heights, VA, is 7.10%, with job growth of 1.40%. Future job growth over the next ten years is predicted to be 35.70%.
Madison Heights, VA Taxes
Madison Heights, VA,sales tax rate is 5.00%. Income tax is 5.75%.
Madison Heights, VA Income and Salaries
The income per capita is $19,789, which includes all adults and children. The median household income is $42,509.
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