Augusta Springs, VA Economy


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Augusta Springs, VA is a small city located in Augusta County. The area has been rapidly growing over the past several years due to its low cost of living and quality schools. Rent for a two-bedroom in Augusta Springs is significantly lower than the US average at $830 compared to $1,430. Additionally, groceries are even cheaper with the Grocery Cost Index being 96 versus 100 in the US. The area is home to many local businesses including Afton Mountain Vineyards, Heritage Hardwoods & Flooring, and Rockfish Gap Country Store & Restaurant. All in all, this makes Augusta Springs an affordable place to live with plenty of job opportunities and quality entertainment options.

Augusta Springs has an unemployment rate of 4.1%. The US average is 6.0%.

Augusta Springs has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.

Tax Rates for Augusta Springs
- The Sales Tax Rate for Augusta Springs is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Augusta Springs 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 Augusta Springs
- The average income of a Augusta Springs resident is $21,298 a year. The US average is $37,638 a year.
- The Median household income of a Augusta Springs resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAugusta Springs, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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