Triangle, VA Economy


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Triangle, VA is a great place to live with many job opportunities and amenities that make it an attractive area. In terms of affordability, the 2-bedroom rent in Triangle is comparatively lower than the US average at $1,230 versus $1,430. The Grocery Cost Index in Triangle is also lower than the US on average measuring 108 versus 100. Local employers include Patricio Enterprises Inc., Quantum Technologies Inc., and BAE Systems which are just a few of the major companies located in the Triangle area. There are also plenty of recreational activities to enjoy such as golf courses, walking trails, fishing ponds, and parks. All this makes Triangle an ideal place to live and work for those who enjoy a good balance between affordable living and quality recreation.

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

Triangle 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 Triangle
- The Sales Tax Rate for Triangle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Triangle 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 Triangle
- The average income of a Triangle resident is $32,442 a year. The US average is $28,555 a year.
- The Median household income of a Triangle resident is $96,207 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTriangle, VirginiaUnited States
  5.26
  -5.3%-6.2%
  38.8%33.5%
  6.0%6.2%
  5.8%4.6%
  $40,255$37,638
  $96,207$69,021
  $118,042$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  7.0%6.8%
  2.3%10.0%
  1.9%2.5%
  9.2%11.0%
  4.6%4.8%
  0.9%0.8%
  0.1%1.9%
  1.8%4.7%
  0.8%1.9%
  13.3%7.6%
  1.4%0.1%
  3.6%4.2%
  6.4%9.3%
  10.8%14.0%
  1.3%2.1%
  10.5%7.0%
  10.0%4.8%
  14.1%4.7%
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