Damascus, VA is a small town located in Washington County with a population of 2,059 people. The city has a variety of local businesses that contribute to its economic growth such as Damascus Auto Repair & Tire Center, the Damascus Diner, and Middletown Market. Rent in Damascus is significantly less than the national average; it costs $790 for two bedrooms compared to $1,430 nationally. Furthermore, grocery prices are even more affordable with a Grocery Cost Index of 94 versus 100 in the US. This makes Damascus an ideal place for those looking to save on their everyday expenses.
Damascus has an unemployment rate of 4.6%. The US average is 6.0%.
Damascus has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Damascus
- The Sales Tax Rate for Damascus is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Damascus 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 Damascus
- The average income of a Damascus resident is $16,795 a year. The US average is $28,555 a year.
- The Median household income of a Damascus resident is $30,139 a year. The US average is $69,021 a year.