Charlottesville, VA is a bustling city known for its vibrant music and arts scene, outdoor activities, festivals, and diverse culture. It has a population of nearly 46,000 people and is home to major employers like Unum Group, University of Virginia Health System and SNL Financial. It is also the location of some great local businesses such as Starlight Diner, Firefly Photography Studio and Blue Ridge Vending Company. The rent in Charlottesville for two bedrooms is around $1,480 which is slightly more expensive than the national average rent of $1,430. The grocery cost index in Charlottesville is 101 versus 100 nationally which means groceries are about 1% more expensive than the national average.
Charlottesville has an unemployment rate of 4.7%. The US average is 6.0%.
Charlottesville has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.
Tax Rates for Charlottesville
- The Sales Tax Rate for Charlottesville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Charlottesville 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 Charlottesville
- The average income of a Charlottesville resident is $28,285 a year. The US average is $28,555 a year.
- The Median household income of a Charlottesville resident is $63,470 a year. The US average is $69,021 a year.