Cheriton, VA is a lovely small town on the Eastern Shore of Virginia. It has all the amenities of a larger city but without the hustle and bustle. Residents enjoy an affordable cost of living with 2 bedroom rent averaging $860 compared to the US average of $1,430. Groceries are even more affordable at 97 versus 100 in the US. The town also has plenty of local businesses to shop from like Fisherman’s Grocery Store, Turner Hardware, and Jameson Insurance Agency. There’s also a variety of restaurants including Crab Shack Restaurant & Pub and Great Wall Chinese Restaurant. Cheriton is truly a great place to live!
Cheriton has an unemployment rate of 8.0%. The US average is 6.0%.
Cheriton 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 2.6%, which is lower than the US average of 33.5%.
Tax Rates for Cheriton
- The Sales Tax Rate for Cheriton is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cheriton 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 Cheriton
- The average income of a Cheriton resident is $19,262 a year. The US average is $28,555 a year.
- The Median household income of a Cheriton resident is $28,257 a year. The US average is $69,021 a year.