Herndon, VA is a bustling suburb located in Northern Virginia near Washington D.C. It is home to many large businesses such as Serco, Verizon, Global Knowledge, and Airbus Defense and Space Inc., making it a great place for professionals looking for employment opportunities. The cost of living in Herndon is higher than the national average due to the high population density and influx of large companies. For instance, rent for a two-bedroom apartment in Herndon is $2,080 compared to just $1,430 nationally. Additionally, the grocery cost index in Herndon is 112 versus 100 on average in the United States. Despite its higher costs of living, many people are drawn to Herndon due to its many job opportunities and close proximity to D.C.'s entertainment and attractions.
Herndon has an unemployment rate of 4.6%. The US average is 6.0%.
Herndon 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 Herndon
- The Sales Tax Rate for Herndon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Herndon 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 Herndon
- The average income of a Herndon resident is $40,008 a year. The US average is $28,555 a year.
- The Median household income of a Herndon resident is $117,741 a year. The US average is $69,021 a year.