Potomac Mills, VA Economy


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Potomac Mills is a bustling shopping mall located in Potomac Mills, Virginia. It is a popular destination for people from all around the region and beyond. It contains over 200 stores as well as restaurants and entertainment venues. The 2 bedroom rent in Potomac Mills is $1,860 which is more than 1,430 in the US on average. The grocery cost index in Potomac Mills is 109 versus 100 in the US making it slightly more expensive than other areas. Local companies such as Nordstrom Rack, H&M, American Eagle Outfitters, Dave & Buster's and Tanger Outlets call this area home.

Potomac Mills has an unemployment rate of 5.2%. The US average is 6.0%.

Potomac Mills 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 Potomac Mills
- The Sales Tax Rate for Potomac Mills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Potomac Mills 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 Potomac Mills
- The average income of a Potomac Mills resident is $32,481 a year. The US average is $28,555 a year.
- The Median household income of a Potomac Mills resident is $124,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPotomac Mills, VirginiaUnited States
  5.26
  -5.3%-6.2%
  38.8%33.5%
  6.0%6.2%
  5.8%4.6%
  $40,253$37,638
  $124,625$69,021
  $126,250$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  2.7%6.8%
  2.0%10.0%
  1.0%2.5%
  8.5%11.0%
  3.7%4.8%
  0.0%0.8%
  0.2%1.9%
  0.7%4.7%
  4.2%1.9%
  22.4%7.6%
  0.0%0.1%
  5.7%4.2%
  8.3%9.3%
  14.4%14.0%
  1.2%2.1%
  13.8%7.0%
  4.4%4.8%
  6.6%4.7%
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