Halifax, VA is a charming town located in the U.S state of Virginia. It is home to several local businesses including the Halifax Market, which offers fresh produce and other food items; Hal-Mar Golf Course, a popular spot for golf enthusiasts; and The Bank of Halifax, an independent community bank. The cost of living in Halifax is affordable when compared to the rest of the country. A two bedroom rental in Halifax costs $800 while the average two bedroom rent in the US is $1,430. Additionally, groceries are even more inexpensive with the grocery cost index in Halifax being 94 versus 100 in the US. These factors make it an attractive destination for those looking for a quieter life while still having access to modern amenities.
Halifax has an unemployment rate of 5.9%. The US average is 6.0%.
Halifax has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Halifax
- The Sales Tax Rate for Halifax is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Halifax 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 Halifax
- The average income of a Halifax resident is $29,648 a year. The US average is $37,638 a year.
- The Median household income of a Halifax resident is $49,459 a year. The US average is $69,021 a year.