Draper, VA is a small town located in Virginia with a population of around 5,400 people. It is known for its rural charm and tight-knit community, which makes it an ideal place to live for individuals and families alike. The cost of living in Draper is quite affordable compared to other towns in the state. For example, renting a two-bedroom apartment costs just $810 per month, while the US average is $1,430. Similarly, the grocery cost index in Draper is only 95 compared to 100 in the US.
The town offers a range of amenities such as shops, restaurants and entertainment venues like Big Apple Entertainment and Snow's BBQ & Seafood that cater to tourists as well as locals. Additionally, there are several businesses operating within the town such as EBH Construction Company and TeeJay Computer Services that offer employment opportunities. All these factors make Draper an attractive place to live with a low cost of living.
Draper has an unemployment rate of 5.2%. The US average is 6.0%.
Draper has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Draper
- The Sales Tax Rate for Draper is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Draper 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 Draper
- The average income of a Draper resident is $20,709 a year. The US average is $28,555 a year.
- The Median household income of a Draper resident is $73,417 a year. The US average is $69,021 a year.