Lovingston, VA Economy


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Lovingston, VA is a picturesque town located in the foothills of the Blue Ridge Mountains. It has many local attractions such as Crabtree Falls, David's Trail, and the Saunders-Monticello Trail. The town also offers a variety of shopping and dining experiences from local stores like Lovingston General Store and Galleries at Lovingston to restaurants like Jumpin' Jacks Diner. Additionally, rent prices for two bedroom apartments are lower than national average at $1,130 per month compared to $1,430 nationally. Grocery costs are also cheaper with a grocery cost index of 98 compared to 100 nationwide. Overall, Lovingston is an ideal spot for those looking for an affordable place to live in a beautiful setting!

Lovingston has an unemployment rate of 4.7%. The US average is 6.0%.

Lovingston has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Lovingston
- The Sales Tax Rate for Lovingston is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lovingston 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 Lovingston
- The average income of a Lovingston resident is $20,813 a year. The US average is $28,555 a year.
- The Median household income of a Lovingston resident is $15,708 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLovingston, VirginiaUnited States
  4.76
  -6.7%-6.2%
  37.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $12,745$37,638
  $15,708$69,021
Family Median Income 85028
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