Powhatan, VA is a great place to live, offering affordable 2 bedroom rental rates of $1,200 compared to the U.S. average of $1,430. The grocery cost index in Powhatan is also on par with that of the nation as a whole. Residents will also find plenty of local businesses to support such as Bells Hometown Grocery & Hardware, Powhatan Drug Store and First Bank & Trust. With its affordable living costs and ample array of local businesses, Powhatan is an ideal place for people looking to settle down or start anew.
Powhatan has an unemployment rate of 3.8%. The US average is 6.0%.
Powhatan has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Powhatan
- The Sales Tax Rate for Powhatan is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Powhatan 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 Powhatan
- The average income of a Powhatan resident is $40,495 a year. The US average is $37,638 a year.
- The Median household income of a Powhatan resident is $78,375 a year. The US average is $69,021 a year.