Onancock, VA is a small town located in the state of Virginia. This quiet rural area is home to many peaceful citizens and local businesses. Companies such as Eastern Shore Appraisal Services, Onancock Electric Company, and T & S Heating and Air Conditioning are just a few of the establishments that operate within the town. According to NeighborhoodScout research, Onancock's median household income is approximately $47,903. Rent for two bedroom apartments in Onancock is also relatively low compared to the national average at $780 per month compared to $1,430 on average nationally. Grocery Cost Index in Onancock is 99 versus 100 in the US so groceries are comparatively less expensive here than other places. All this makes it an attractive option for those looking for a place to call home on a budget.
Onancock has an unemployment rate of 6.1%. The US average is 6.0%.
Onancock has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Onancock
- The Sales Tax Rate for Onancock is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Onancock 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 Onancock
- The average income of a Onancock resident is $39,075 a year. The US average is $37,638 a year.
- The Median household income of a Onancock resident is $48,690 a year. The US average is $69,021 a year.