Montclair, VA is a beautiful and vibrant city located just outside of the nation's capital. It's home to many local businesses such as the Montclair Mall, Fortunate Fox Brewery, and the Montclair Bookstore. The cost of living in Montclair is slightly higher than the national average, with a two-bedroom rent hovering around $2,100 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Montclair stands at 110 compared to 100 in the US. The city of Montclair has plenty to offer residents with its diverse economic opportunities and lively atmosphere.
Montclair has an unemployment rate of 5.2%. The US average is 6.0%.
Montclair 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 Montclair
- The Sales Tax Rate for Montclair is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montclair 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 Montclair
- The average income of a Montclair resident is $46,503 a year. The US average is $28,555 a year.
- The Median household income of a Montclair resident is $135,987 a year. The US average is $69,021 a year.