Kingstowne, VA is a vibrant city located in Fairfax County. It is home to many well-known businesses such as Microsoft, Amazon and Google which provide ample job opportunities for residents of the area. Furthermore, the cost of living in Kingstowne is higher than average with two bedroom rental prices being around $2,240 compared to the national average of $1,430. Additionally, the grocery cost index in Kingstowne is 112 versus 100 in most parts of the US. This means that groceries can be more expensive than other places. Despite these higher costs, there are multiple amenities and attractions available throughout Kingstowne which make it a desirable place to live.
Kingstowne has an unemployment rate of 4.6%. The US average is 6.0%.
Kingstowne has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Kingstowne
- The Sales Tax Rate for Kingstowne is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kingstowne 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 Kingstowne
- The average income of a Kingstowne resident is $60,413 a year. The US average is $28,555 a year.
- The Median household income of a Kingstowne resident is $132,493 a year. The US average is $69,021 a year.