Kilmarnock, VA is a small town located in the Northern Neck region of Virginia. It is a place of historical significance and features beautiful scenery. The cost of rent for two-bedroom apartments in Kilmarnock is much lower than the national average at $1,010 while the grocery cost index is equal to the US average. This makes it an affordable place to live with plenty of opportunities. There are many locally owned businesses such as Brown & Company Jewelers, Kilmarnock Oyster Co., Kilmarnock Antique Mall, Northern Neck Business Solutions, and Ohana Wellness Spa that offer services to residents and tourists alike.
Kilmarnock has an unemployment rate of 8.0%. The US average is 6.0%.
Kilmarnock has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Kilmarnock
- The Sales Tax Rate for Kilmarnock is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Kilmarnock 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 Kilmarnock
- The average income of a Kilmarnock resident is $23,414 a year. The US average is $28,555 a year.
- The Median household income of a Kilmarnock resident is $37,589 a year. The US average is $69,021 a year.