Laurel Park, VA is a small town located in the Hampton Roads area of Virginia. It is a great place to live and work for those looking for an affordable cost of living. The average two bedroom rent in Laurel Park is $770 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Laurel Park is 93 versus 100 in the US.
In Laurel Park there are many businesses to support residents with their daily needs including Walmart Supercenter, Walgreens Pharmacy, Food Lion Grocery, Kohl’s Department Store, Big Lots and more. Other local companies include Caladonia Automotive Repair Service, Southern Signs & Graphics Inc., and J & S Heating & Air Conditioning Company Inc.
Laurel Park has an unemployment rate of 6.0%. The US average is 6.0%.
Laurel Park has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Laurel Park
- The Sales Tax Rate for Laurel Park is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Laurel Park 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 Laurel Park
- The average income of a Laurel Park resident is $16,917 a year. The US average is $28,555 a year.
- The Median household income of a Laurel Park resident is $36,599 a year. The US average is $69,021 a year.