Lake Wilderness, VA is a small town located in Loudoun County that offers an array of amenities and recreational activities for families and professionals alike. Despite its small size, the cost of living in Lake Wilderness, VA is comparable to the national average, with 2-bedroom rent averaging at $1,290 as opposed to $1,430 nationally. Furthermore, the grocery cost index in Lake Wilderness is 107 compared to 100 in the US. The local economy features a number of businesses from various sectors including retail stores such as Target and Walmart; dining places like Foxcroft Wine Co and ThirtySix Restaurant & Grill; recreation centers such as Leesburg Animal Park; technology companies like Amazon Web Services; and other service providers like Loudoun Valley Home Care. With its tight-knit community and low unemployment rate, Lake Wilderness is an ideal destination for those looking for a peaceful place to live.
Lake Wilderness has an unemployment rate of 5.0%. The US average is 6.0%.
Lake Wilderness 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 Lake Wilderness
- The Sales Tax Rate for Lake Wilderness is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Wilderness 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 Lake Wilderness
- The average income of a Lake Wilderness resident is $50,430 a year. The US average is $37,638 a year.
- The Median household income of a Lake Wilderness resident is $117,750 a year. The US average is $69,021 a year.