Lunenburg, VA is a small town located in southern Virginia. It offers a variety of local businesses, including Lunenburg County General Store, Mill Creek Farm and Dairy, and Sweetwood Bait and Tackle. The cost of living in Lunenburg is relatively low compared to the national average. For example, the average 2-bedroom rent in Lunenburg is $740 while the US average for a 2-bedroom rental is $1,430. Additionally, the grocery cost index in Lunenburg is 95 compared to 100 on the national level. All this makes Lunenberg an ideal place for people looking to live comfortably while also saving money.
Lunenburg has an unemployment rate of 4.8%. The US average is 6.0%.
Lunenburg has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Lunenburg
- The Sales Tax Rate for Lunenburg is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lunenburg 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 Lunenburg
- The average income of a Lunenburg resident is $44,093 a year. The US average is $37,638 a year.
- The Median household income of a Lunenburg resident is $0 a year. The US average is $69,021 a year.