North Springfield, VA Economy


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North Springfield, VA is a thriving suburb of Washington, DC that provides a variety of amenities and activities for its residents. It features affordable housing options as well. The average rent for a two-bedroom apartment in North Springfield is $2,330, which is significantly more than the US average of $1,430. Additionally, the Grocery Cost Index in North Springfield is 113 versus 100 in the US.
The area has many businesses to offer with great local restaurants such as Silver Diner and Busboys & Poets. There are also plenty of shopping malls and stores like Tysons Corner Center and Tyson’s Galleria so you can find whatever you need close by. When it comes to entertainment options there are several theaters and museums nearby such as Wolf Trap National Park and The Smithsonian Institution’s National Air & Space Museum. Overall, North Springfield offers an exceptional quality of life at an affordable price point that attracts many people each year!

North Springfield has an unemployment rate of 4.6%. The US average is 6.0%.

North Springfield 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 North Springfield
- The Sales Tax Rate for North Springfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Springfield 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 North Springfield
- The average income of a North Springfield resident is $39,472 a year. The US average is $28,555 a year.
- The Median household income of a North Springfield resident is $117,467 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Springfield, VirginiaUnited States
  4.66
  -5.3%-6.2%
  36.7%33.5%
  6.0%6.2%
  5.8%4.6%
  $39,983$37,638
  $117,467$69,021
  $145,766$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  11.5%6.8%
  2.9%10.0%
  2.2%2.5%
  6.3%11.0%
  2.1%4.8%
  1.6%0.8%
  2.0%1.9%
  3.0%4.7%
  5.6%1.9%
  14.7%7.6%
  0.7%0.1%
  2.2%4.2%
  7.1%9.3%
  12.1%14.0%
  2.1%2.1%
  8.3%7.0%
  11.0%4.8%
  4.5%4.7%
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