Short Pump, VA is a small but growing community in the Richmond metropolitan area. Residents enjoy the convenience of living near major highways, shopping centers, and entertainment venues. The cost of living in Short Pump is slightly higher than the national average due to the higher rent for two bedroom apartments which stands at $1,610 compared to $1,430 US average. Grocery costs are also higher with an index of 103 versus 100 nationally. Local companies based in Short Pump include Altria Group, WestRock Company, and Owens & Minor Inc., providing job opportunities to many local residents. Additionally, Short Pump offers close proximity to museums and parks such as Maymont Park and Lewis Ginter Botanical Gardens as well as a variety of restaurants and cafes.
Short Pump has an unemployment rate of 5.2%. The US average is 6.0%.
Short Pump 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 Short Pump
- The Sales Tax Rate for Short Pump is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Short Pump 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 Short Pump
- The average income of a Short Pump resident is $47,772 a year. The US average is $28,555 a year.
- The Median household income of a Short Pump resident is $116,955 a year. The US average is $69,021 a year.