Chesapeake, WV is a small town situated in Kanawha County. It is a great place to live with its affordable housing costs and low cost of living. The average rent for a two bedroom apartment in Chesapeake is $880, which is much lower than the national average of $1,430. In addition, grocery costs are also relatively low with Chesapeake having an index of 96 compared to 100 nationally. Not only are there great shopping opportunities but there are also many local businesses such as All American Automotive and Smith Electric Co Inc that make up the charming economy of Chesapeake. Overall, residents get to enjoy all the benefits of living in a small town at an incredibly affordable cost making Chesapeake an ideal place to call home!
Chesapeake has an unemployment rate of 6.3%. The US average is 6.0%.
Chesapeake has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Chesapeake
- The Sales Tax Rate for Chesapeake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chesapeake
- The average income of a Chesapeake resident is $20,667 a year. The US average is $28,555 a year.
- The Median household income of a Chesapeake resident is $45,288 a year. The US average is $69,021 a year.