Amherst, VA is a small town located in the central part of Virginia which has seen much growth over the past few years. The rent for a 2 bedroom apartment is slightly lower than the US average at $1,030 per month, while food costs remain equal to the rest of the country with an index of 99. There are several local businesses in Amherst which contribute to the economy such as Bomar Farm Equipment and Amherst Feed & Seed, both of which provide quality services to their customers.
One major benefit to living in Amherst is its location near cities like Lynchburg and Charlottesville; allowing residents easy access to stores, restaurants, entertainment venues and more. The people of Amherst are also a tight-knit community that takes pride in their town and makes sure everyone feels welcome.
Amherst has an unemployment rate of 4.8%. The US average is 6.0%.
Amherst has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Amherst
- The Sales Tax Rate for Amherst is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Amherst 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 Amherst
- The average income of a Amherst resident is $21,211 a year. The US average is $28,555 a year.
- The Median household income of a Amherst resident is $46,316 a year. The US average is $69,021 a year.