New Kent, VA is an idyllic town located in eastern Virginia. As a small and close-knit community, it has much to offer its residents. The two bedroom rent in New Kent is $1,260, which is slightly lower than the US average of $1,430. This makes it a great choice for those looking to save money on rent. The grocery cost index in New Kent is 100, which matches the national average. This means that groceries are relatively inexpensive compared to other areas.
New Kent also has many local companies that employ people from the area. These include Long Hill Orchard & Cider Mill, Corbitt Bail Bonds, and Kristy's Corner Store Grocery & Delicatessen. With these businesses providing jobs and other opportunities to locals, New Kent provides a wonderful environment for those who want to live somewhere with a strong sense of community spirit.
Overall, New Kent offers an excellent cost of living relative to other areas in Virginia and across the United States. Rent prices are competitively priced as well as food costs making it a great place for anyone looking for an affordable place to live while still having access to all the amenities they need.
New Kent has an unemployment rate of 3.9%. The US average is 6.0%.
New Kent has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.
Tax Rates for New Kent
- The Sales Tax Rate for New Kent is 5.3%. The US average is 7.3%.
- The Income Tax Rate for New Kent 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 New Kent
- The average income of a New Kent resident is $35,892 a year. The US average is $28,555 a year.
- The Median household income of a New Kent resident is $149,288 a year. The US average is $69,021 a year.