Deerfield, VA Economy


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Deerfield, Virginia is a charming town located in the foothills of the Blue Ridge Mountains. It is known for its affordability and small-town charm; two bedroom rent in Deerfield is around $1,010 per month, which is significantly lower than the national average of $1,430. The cost of groceries in Deerfield is also relatively low, with an index of 96 compared to 100 nationally.
Located off I-81, Deerfield has excellent access to nearby cities such as Winchester and Strasburg. Within the town itself there are several local businesses, including a florist shop called Country Garden Floral who offer unique floral arrangements; a historic gristmill called Turner’s Mill that dates back to 1769; and Little Acorn Farm which offers visitors U-Pick farms with blueberries, strawberries and more.

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

Deerfield 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 Deerfield
- The Sales Tax Rate for Deerfield is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Deerfield 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 Deerfield
- The average income of a Deerfield resident is $41,583 a year. The US average is $37,638 a year.
- The Median household income of a Deerfield resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

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