Sterling, VA is a vibrant community located in Northern Virginia. With a plethora of local companies such as Lockheed Martin, Airbus, and Capital One, Sterling is bustling with career opportunities. The cost of living in the city is relatively high compared to the US average, with 2 bedroom rent costing $2,090 versus the US average of $1,430. Additionally, the Grocery Cost Index in Sterling is 110 versus 100 in the US. Despite higher costs of living, people choose to live and work in Sterling due its close proximity to Washington D.C., offering residents plenty of entertainment options.
Sterling has an unemployment rate of 4.1%. The US average is 6.0%.
Sterling has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher than the US average of 33.5%.
Tax Rates for Sterling
- The Sales Tax Rate for Sterling is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling
- The average income of a Sterling resident is $31,895 a year. The US average is $28,555 a year.
- The Median household income of a Sterling resident is $110,915 a year. The US average is $69,021 a year.