Atlantic, VA is a thriving community with an abundance of local businesses. From restaurants and cafes to retail stores and manufacturing companies, there is something for everyone in the area. The cost of living in Atlantic is quite reasonable compared to the national average; 2-bedroom rentals are $790 per month within city limits as opposed to the US average of $1,430. Groceries also have a lower index rating at 95. This means that residents of Atlantic can save money on their weekly grocery trips when compared to those from around the nation. Local companies such as Weaver's Department Store, Cape Atlantic Bookstore and Cayside Boats have been serving customers in Atlantic for decades, helping to build strong relationships between local residents and businesses alike.
Atlantic has an unemployment rate of 6.1%. The US average is 6.0%.
Atlantic has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Atlantic
- The Sales Tax Rate for Atlantic is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Atlantic 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 Atlantic
- The average income of a Atlantic resident is $31,982 a year. The US average is $28,555 a year.
- The Median household income of a Atlantic resident is $44,091 a year. The US average is $69,021 a year.