Colonial Heights, VA is a small city located in the South of Virginia. It has an estimated population of 17,000 and offers a unique quality of life to its residents. Rent for two-bedroom apartments is quite affordable at $1,280, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Colonial Heights is 96 compared to 100 nationwide. The city has many local companies such as The Crownbilt Corporation, which manufactures metal products; Tri-City Trucking Inc., providing transportation services; and T. W. Miller & Son Co., producing industrial media products like air filters and fuel tanks. Residents can find all their needs within the city's limits and enjoy a comfortable lifestyle in Colonial Heights, VA.
Colonial Heights has an unemployment rate of 6.2%. The US average is 6.0%.
Colonial Heights has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Colonial Heights
- The Sales Tax Rate for Colonial Heights is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Colonial Heights 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 Colonial Heights
- The average income of a Colonial Heights resident is $28,282 a year. The US average is $28,555 a year.
- The Median household income of a Colonial Heights resident is $65,570 a year. The US average is $69,021 a year.