Great Falls, VA is a beautiful suburban town located in Fairfax County in Northern Virginia. It offers a wealth of attractions and amenities for its residents including upscale restaurants, shopping centers, parks, and access to nearby D.C. The cost of living in Great Falls is slightly more expensive than the US average when it comes to rent; 2 bedroom apartments currently go for $2,720 compared to the national average of $1,430. Grocery costs are also higher in Great Falls as the index sits at 121 compared to 100 nationally. Local businesses in Great Falls include Bob’s Burgers, a popular restaurant known for its juicy burgers and fries; Ben’s Barbershop, a bustling barber shop with friendly staff; and Main Street Outfitters, an outdoor specialty store stocking all types of apparel for outdoor enthusiasts. Overall, Great Falls is an expensive yet vibrant community offering plenty of choices when it comes to entertainment and services.
Great Falls has an unemployment rate of 4.6%. The US average is 6.0%.
Great Falls has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Great Falls
- The Sales Tax Rate for Great Falls is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Great Falls 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 Great Falls
- The average income of a Great Falls resident is $96,608 a year. The US average is $28,555 a year.
- The Median household income of a Great Falls resident is $250,001 a year. The US average is $69,021 a year.