Chester, VA is a city located in the US state of Virginia. It is known for its affordable housing options and low living costs. The average 2 bedroom rental rate in Chester is $1,510, significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Chester is only 99 versus 100 in the US, making grocery shopping even cheaper than other parts of the country.
This city also has many local companies that contribute to its economy. Some examples include River's Bend Construction, SunCoast Solutions, and Johnson & Sons Flooring. These businesses provide jobs and products to locals that strengthen their community and help it thrive.
Chester has an unemployment rate of 4.8%. The US average is 6.0%.
Chester has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Chester
- The Sales Tax Rate for Chester is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester
- The average income of a Chester resident is $27,223 a year. The US average is $28,555 a year.
- The Median household income of a Chester resident is $78,673 a year. The US average is $69,021 a year.