Bridgewater, VA is a great place to live due to the affordability of rent and groceries. Two bedroom apartments can be rented for $1000 compared to the US average of $1430. The Grocery Cost Index in Bridgewater is 99 versus the US average of 100. This makes it easy to afford everyday needs such as food and housing. Bridgewater also has a variety of local businesses that provide services for its residents, such as Bridgewater Pharmacy, BB&T Bank, B & C Automotive, and D&L Carpet Cleaning Services. These companies have all contributed to making Bridgewater an affordable and convenient place to live.
Bridgewater has an unemployment rate of 4.0%. The US average is 6.0%.
Bridgewater has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Bridgewater
- The Sales Tax Rate for Bridgewater is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater 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 Bridgewater
- The average income of a Bridgewater resident is $29,603 a year. The US average is $37,638 a year.
- The Median household income of a Bridgewater resident is $66,847 a year. The US average is $69,021 a year.