Hollymead, VA Economy

Hollymead, VA is a great place to live and work. The average two bedroom rent is $1,520, which is slightly higher than the US average of $1430. Grocery costs are also higher in Hollymead at 102 on the cost index versus 100 in the US. Hollymead is home to several local businesses such as All America Cleaners, Gildea Tax Services, and Humble Pie Bakery & Café. These businesses all provide valuable services to the community and contribute to its success.

Hollymead has an unemployment rate of 4.3%. The US average is 6.0%.

Hollymead has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.

Tax Rates for Hollymead
- The Sales Tax Rate for Hollymead is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hollymead 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 Hollymead
- The average income of a Hollymead resident is $36,700 a year. The US average is $28,555 a year.
- The Median household income of a Hollymead resident is $103,802 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Hollymead, Virginia	United States
	4.3	6
	-7.3%	-6.2%
	42.1%	33.5%
	5.3%	6.2%
	5.8%	4.6%
	$42,328	$37,638
	$103,802	$69,021
	$130,258	$85,028
Population by Occupation
	0.4%	1.2%
	0.2%	0.5%
	2.4%	6.8%
	3.5%	10.0%
	0.3%	2.5%
	7.6%	11.0%
	2.2%	4.8%
	2.0%	0.8%
	1.4%	1.9%
	3.3%	4.7%
	4.1%	1.9%
	8.5%	7.6%
	0.0%	0.1%
	4.1%	4.2%
	23.8%	9.3%
	14.4%	14.0%
	1.8%	2.1%
	3.6%	7.0%
	6.1%	4.8%
	10.3%	4.7%