Cape Charles, VA is a small town located on the Eastern Shore of Virginia. It is a great place to live with many local businesses that offer great services. The 2 bedroom rent in Cape Charles, VA is $860, which is lower than the US average of $1,430. Additionally, the Grocery Cost Index in Cape Charles is 97 which is lower than the US average of 100. Some popular local businesses are Fish Tale Marina, where you can rent a boat for fishing or taking a cruise around the bay; Capeside Coffee Company, where you can get freshly made coffee and baked goods; and Cape Charles Yacht Center, where you can purchase boats and receive service for your current vessel. Overall, Cape Charles offers great amenities at an affordable price.
Cape Charles has an unemployment rate of 8.0%. The US average is 6.0%.
Cape Charles has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 0.7%, which is lower than the US average of 33.5%.
Tax Rates for Cape Charles
- The Sales Tax Rate for Cape Charles is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cape Charles 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 Cape Charles
- The average income of a Cape Charles resident is $29,224 a year. The US average is $28,555 a year.
- The Median household income of a Cape Charles resident is $49,167 a year. The US average is $69,021 a year.