Harborton, VA is a great place to live due to its affordability. Rent for a two-bedroom apartment in Harborton is around $780, which is much lower than the average US 2 bedroom rent of $1,430. Additionally, grocery costs are relatively low; Harborton’s Grocery Cost Index of 96 is slightly below the US index of 100. This makes it an attractive option for families on a budget or those who want to save money.
The area also provides residents with plenty of opportunities for work. Companies such as Walmart, Lowe's Home Improvement, and Walgreens provide numerous employment opportunities for local residents. Furthermore, since Harborton offers affordable living and ample job opportunities businesses in the area stand to benefit from this attractive combination. Businesses can take advantage of the low cost of living by offering competitive salaries while still being able to remain profitable due to decreased operating costs.
Harborton has an unemployment rate of 6.1%. The US average is 6.0%.
Harborton has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Harborton
- The Sales Tax Rate for Harborton is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Harborton 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 Harborton
- The average income of a Harborton resident is $38,656 a year. The US average is $37,638 a year.
- The Median household income of a Harborton resident is $0 a year. The US average is $69,021 a year.