Loch Lomond, VA Economy


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Loch Lomond, VA is a charming town located in Northern Virginia. It is known for its beautiful views and outdoor activities, as well as its local companies. Rent for two-bedroom apartments in the area is around $1,690, which is slightly higher than the US average of $1,430. Grocery costs are also more expensive here, with an index of 109 compared to 100 in the US. Some popular businesses that call Loch Lomond home include Topline Barbershop, The Honey Pot Floral Design Studio, and The Red Door Wine Bar & Bistro. With all that it offers, Loch Lomond is a great place to live or visit.

Loch Lomond has an unemployment rate of 5.2%. The US average is 6.0%.

Loch Lomond 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 Loch Lomond
- The Sales Tax Rate for Loch Lomond is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loch Lomond 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 Loch Lomond
- The average income of a Loch Lomond resident is $25,501 a year. The US average is $28,555 a year.
- The Median household income of a Loch Lomond resident is $97,492 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLoch Lomond, VirginiaUnited States
  5.26
  -5.3%-6.2%
  38.8%33.5%
  6.0%6.2%
  5.8%4.6%
  $31,480$37,638
  $97,492$69,021
  $103,594$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  16.9%6.8%
  4.3%10.0%
  0.7%2.5%
  20.2%11.0%
  6.0%4.8%
  0.0%0.8%
  1.4%1.9%
  0.5%4.7%
  0.0%1.9%
  2.6%7.6%
  0.0%0.1%
  6.2%4.2%
  1.9%9.3%
  16.5%14.0%
  0.0%2.1%
  7.5%7.0%
  14.8%4.8%
  0.5%4.7%
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