Bailey's Crossroads, VA is an affluent suburb of Washington D.C., located just south of Arlington. This vibrant community is home to a variety of notable companies, such as CACI International, Federal Home Loan Bank of Atlanta, and BAE Systems. The cost of living in Bailey's Crossroads is higher than the US average; 2 bedroom rent here is approximately $1,940 compared to the national average of $1,430. Additionally, the grocery cost index in Bailey's Crossroads is 109 versus a nationwide index score of 100. Despite the higher prices for living expenses in Bailey's Crossroads, it remains a desirable location due to its convenient proximity to Washington D.C., plenty of local amenities and attractions such as parks and recreational activities, and bustling corporate presence.
Bailey's Crossroads has an unemployment rate of 4.6%. The US average is 6.0%.
Bailey's Crossroads has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Bailey's Crossroads
- The Sales Tax Rate for Bailey's Crossroads is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bailey's Crossroads 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 Bailey's Crossroads
- The average income of a Bailey's Crossroads resident is $41,593 a year. The US average is $37,638 a year.
- The Median household income of a Bailey's Crossroads resident is $73,738 a year. The US average is $69,021 a year.