Arrington, VA Economy


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Arrington, VA is a great town to call home. It's located in Montgomery County, close to both Roanoke and Radford. The area has plenty of attractions such as the Mill Mountain Zoo and Park, Oglebay Park, and Roanoke Regional Airport. Local companies include ValleyStar Credit Union, Virginia Tech Carilion Research Institute, Carilion Clinic, Kroger Marketplace, and Advance Auto Parts. Rent for a two-bedroom apartment in Arrington is $1,150 which is below the national average of $1,430. Additionally, the Grocery Cost Index in Arrington is 95 versus 100 in the United States proving that it’s an affordable place to live overall.

Arrington has an unemployment rate of 4.7%. The US average is 6.0%.

Arrington has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Arrington
- The Sales Tax Rate for Arrington is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Arrington 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 Arrington
- The average income of a Arrington resident is $21,853 a year. The US average is $28,555 a year.
- The Median household income of a Arrington resident is $87,836 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyArrington, VirginiaUnited States
  4.76
  -6.7%-6.2%
  37.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $26,215$37,638
  $87,836$69,021
  $88,713$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.9%6.8%
  9.9%10.0%
  2.7%2.5%
  0.0%11.0%
  5.8%4.8%
  9.9%0.8%
  1.4%1.9%
  0.0%4.7%
  1.6%1.9%
  0.0%7.6%
  0.0%0.1%
  2.5%4.2%
  15.2%9.3%
  29.8%14.0%
  0.0%2.1%
  3.3%7.0%
  5.8%4.8%
  2.3%4.7%
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