Stuart, VA is a great place to live in due to its low cost of living. The two bedroom rent in Stuart is $800 per month, which is significantly lower than the national average of $1,430. Moreover, the Grocery Cost Index in Stuart is 95 versus 100 in the US. This means that groceries are cheaper in Stuart compared to other places. Local companies like Walmart, Kroger and Aldi provide residents with affordable food options. Other local businesses include Target and CVS Pharmacy for your shopping needs as well as many small independent stores for unique items. All of these factors make it an ideal place to live with a lower cost of living than many other cities and towns in the US.
Stuart has an unemployment rate of 6.0%. The US average is 6.0%.
Stuart has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Stuart
- The Sales Tax Rate for Stuart is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Stuart 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 Stuart
- The average income of a Stuart resident is $20,551 a year. The US average is $28,555 a year.
- The Median household income of a Stuart resident is $29,224 a year. The US average is $69,021 a year.