King William, VA is an area that offers a high quality of life at an affordable price. Located in the southeastern corner of Virginia, King William has a population of approximately 8,300 people. The town is home to businesses such as Flippin Out Pinball, Anderson Automotive Group, and Towne Bank. The cost of living in King William is lower than the US average as 2 bedroom rents are $1,270 compared to $1,430 nationally and the grocery cost index is 98 compared to 100 in the US. The low cost of living combined with its many local attractions make King William an ideal place to live for those looking for a great quality of life without breaking the bank.
King William has an unemployment rate of 4.7%. The US average is 6.0%.
King William 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for King William
- The Sales Tax Rate for King William is 5.3%. The US average is 7.3%.
- The Income Tax Rate for King William 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 King William
- The average income of a King William resident is $62,378 a year. The US average is $28,555 a year.
- The Median household income of a King William resident is $103,462 a year. The US average is $69,021 a year.