Washington, VA is a great place to live due to the low cost of living. The average two bedroom rent comes in at $990, significantly lower than the national average of $1,430. Furthermore, the local grocery cost index is 110 versus 100 in the US. This means groceries are even cheaper than their counterparts nationally. Washington, VA offers plenty of employment opportunities with local companies such as Walmart, Dollar General and Lowe’s Home Improvement offering many jobs in the area. With an affordable cost of living and plenty of job opportunities, Washington, VA is an excellent place to call home.
Washington has an unemployment rate of 3.9%. The US average is 6.0%.
Washington has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Washington
- The Sales Tax Rate for Washington is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington
- The average income of a Washington resident is $47,169 a year. The US average is $28,555 a year.
- The Median household income of a Washington resident is $34,453 a year. The US average is $69,021 a year.