Fredericksburg, VA is a great place to live! It has many local businesses and attractions that make it a desirable place to be. Rent in Fredericksburg is lower than the national average, making it an attractive option for anyone looking to save money. The grocery cost index in Fredericksburg is 8 points higher than the US average, so it’s easy to find groceries or other items at reasonable prices. There are many local companies in Fredericksburg that you may want to consider working with like Botetourt Insurance Group, EC Systems Design Group, LLC and Digital Doc Office Solutions. As for attractions, Fredericksburg has something for everyone from historical landmarks like the Kenmore Plantation and Civil War Battlefield Park to outdoor recreation opportunities like the Riverfront Canal Walk and Adventure Park USA.
Fredericksburg has an unemployment rate of 6.1%. The US average is 6.0%.
Fredericksburg has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Fredericksburg
- The Sales Tax Rate for Fredericksburg is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg 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 Fredericksburg
- The average income of a Fredericksburg resident is $28,453 a year. The US average is $28,555 a year.
- The Median household income of a Fredericksburg resident is $72,293 a year. The US average is $69,021 a year.