Lake Ridge, VA is a vibrant community with plenty of activities and amenities for its residents. Located in Prince William County, Lake Ridge is home to many businesses, such as Wegmans, Target, and Dick’s Sporting Goods. There are also plenty of recreation opportunities available in the area such as golf courses, swimming pools, parks, and beaches. The cost of living in Lake Ridge is slightly higher than the US average with a two bedroom rent costing $1,860 versus $1,430 nationally. Additionally, the Grocery Cost Index is 109 versus 100 in the US. Despite the slightly higher costs of living in Lake Ridge compared to elsewhere in the US it remains a desirable place to live due to its close proximity to Washington DC along with all the local amenities it offers.
Lake Ridge has an unemployment rate of 5.2%. The US average is 6.0%.
Lake Ridge has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Lake Ridge
- The Sales Tax Rate for Lake Ridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Ridge 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 Lake Ridge
- The average income of a Lake Ridge resident is $41,505 a year. The US average is $28,555 a year.
- The Median household income of a Lake Ridge resident is $108,654 a year. The US average is $69,021 a year.