Newington, VA is a small town located in Fairfax County with plenty of amenities nearby for its residents. It is known for its excellent schools and thriving local businesses, such as Palette 22 Restaurant and Art Gallery, Nectar Café & Juice Bar, and Red’s Table. With an average two-bedroom rent of $2,380 per month, it is more expensive than the national average of $1,430 per month. The Grocery Cost Index in Newington is 113 compared to the national average of 100. In short, Newington has a higher cost of living than most cities in the US but offers plenty of amenities that make it attractive to families and other potential residents.
Newington has an unemployment rate of 4.6%. The US average is 6.0%.
Newington 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 Newington
- The Sales Tax Rate for Newington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newington 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 Newington
- The average income of a Newington resident is $47,313 a year. The US average is $28,555 a year.
- The Median household income of a Newington resident is $146,523 a year. The US average is $69,021 a year.