Virginia Beach, VA is an idyllic coastal destination with a pleasant climate and lots of fun activities for visitors. It's also an excellent place to live, with its temperate climate and strong economy. Virginia Beach has many locally owned businesses that provide jobs and services to the local community. Companies such as Rudee Tours, providing boat tours of the area, Coastal Edge Surf Shop offering apparel and surf gear, Atlantic Wildlife Removal offering humane animal removal services, and HR Music Lessons providing music lessons are just a few examples of the thriving businesses in the area. Additionally, living costs are very reasonable with 2 bedroom rentals averaging at $1,590 per month compared to the US average of $1,430 and grocery cost index remaining on par with national averages. Virginia Beach is definitely an attractive option for people looking for a place to call home.
Virginia Beach has an unemployment rate of 4.8%. The US average is 6.0%.
Virginia Beach has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Virginia Beach
- The Sales Tax Rate for Virginia Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Virginia Beach 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 Virginia Beach
- The average income of a Virginia Beach resident is $32,477 a year. The US average is $28,555 a year.
- The Median household income of a Virginia Beach resident is $81,810 a year. The US average is $69,021 a year.