Independence, VA is a small town located in the center of Virginia. It has an affordable cost of living with two bedroom apartments renting at $780 per month, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Independence is 94 compared to 100 in the US. Notable local businesses include D & F Trucking Inc., Independence Construction Co., and Thompson's Automotive & Diesel Repair. This town also offers nearby amenities such as hiking trails, a farmers' market, and several parks. With its low cost of living and proximity to outdoor recreation, Independence is an attractive place to live for those looking for a rural community atmosphere.
Independence has an unemployment rate of 4.2%. The US average is 6.0%.
Independence has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Independence
- The Sales Tax Rate for Independence is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Independence 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 Independence
- The average income of a Independence resident is $16,971 a year. The US average is $28,555 a year.
- The Median household income of a Independence resident is $32,738 a year. The US average is $69,021 a year.