Merrifield, VA is a vibrant and charming city located in Northern Virginia. It has many exciting amenities such as shopping, dining, and entertainment options for locals to enjoy. The cost of living in Merrifield is higher than the national average because of its proximity to Washington D.C. 2 bedroom rent in the area is $2,170 while the US average is only $1,430. Additionally, the Grocery Cost Index in Merrifield is 114 versus 100 nationally. Local companies that contribute to this thriving economy are GMU Information Technology Solutions, Merrifield Office Park LLC, Bizspace Solutions LLC, and The Cook Group. Merrifield offers its residents a high quality of life at an elevated cost compared to other areas of the country.
Merrifield has an unemployment rate of 4.6%. The US average is 6.0%.
Merrifield 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 Merrifield
- The Sales Tax Rate for Merrifield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Merrifield 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 Merrifield
- The average income of a Merrifield resident is $52,736 a year. The US average is $28,555 a year.
- The Median household income of a Merrifield resident is $128,361 a year. The US average is $69,021 a year.