Brandermill, VA is an attractive community located in the suburbs of Richmond. It is a popular residential area for families and young professionals due to its affordability, accessibility, and strong job market. The 2 bedroom rental rate stands at $1,590 compared to the US average of $1,430. Local grocery cost index is also low at 101 versus 100 in the US. \nThe area is home to a variety of local companies including Dominion Energy, Bank of America, SunTrust Bank, and Wells Fargo. In addition to these businesses, there are plenty of restaurants and shops within walking distance allowing residents easy access to all their needs.
Brandermill has an unemployment rate of 4.8%. The US average is 6.0%.
Brandermill has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Brandermill
- The Sales Tax Rate for Brandermill is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Brandermill 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 Brandermill
- The average income of a Brandermill resident is $36,607 a year. The US average is $28,555 a year.
- The Median household income of a Brandermill resident is $100,625 a year. The US average is $69,021 a year.