Virginia Beach city, VA County is a great place to live and work. It has many exciting attractions for people to explore including the beach, Boardwalk, and nightlife. The city also offers a great business environment with plenty of local companies such as Tidewater Mortgage Solutions, Oceana Lawn & Landscape, Inc., and Paramount Builders. These businesses provide employment opportunities in industries such as finance, landscaping services, and engineering construction. The cost of living in Virginia Beach is relatively low compared to other cities in the US with an average two bedroom rent of $1,330 and grocery cost index of 100 versus 100 in the US. Additionally, the county boasts a strong local economy due to its proximity to military bases and major universities. With its vibrant culture and diverse businesses, Virginia Beach city is perfect for anyone who wants to get away from it all without sacrificing economic opportunity.
Virginia Beach City County has an unemployment rate of 4.8%. The US average is 6.0%.
Virginia Beach City County 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 City County
- The Sales Tax Rate for Virginia Beach City County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Virginia Beach City County 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 City County
- The average income of a Virginia Beach City County resident is $32,477 a year. The US average is $28,555 a year.
- The Median household income of a Virginia Beach City County resident is $81,810 a year. The US average is $69,021 a year.