Hopewell, VA is a small city located in the southeast region of Virginia. It has an affordable cost of living compared to the national average, with 2 Bedroom rents being around $1,110 versus the US average of $1,430. The Grocery Cost Index in Hopewell is also lower than the US at 95 versus 100. \nThe city is home to many major companies like Honeywell International Inc., Rolls-Royce North America and DuPont. There are also many family friendly attractions such as the Hopewell City Park, James River State Park and Appomattox Riverwalk Trail. With its warm climate and low costs, Hopewell offers a great setting for locals and visitors alike.
Hopewell has an unemployment rate of 9.5%. The US average is 6.0%.
Hopewell has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Hopewell
- The Sales Tax Rate for Hopewell is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hopewell 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 Hopewell
- The average income of a Hopewell resident is $21,041 a year. The US average is $28,555 a year.
- The Median household income of a Hopewell resident is $44,209 a year. The US average is $69,021 a year.