Southern Gateway, VA Economy


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Southern Gateway, VA is a wonderful place to call home. It is a beautiful town with plenty of attractions and activities to explore. The cost of living in the area is slightly higher than the national average but still relatively affordable for its residents. Rent for a two bedroom apartment is $1,500 while grocery costs are just slightly higher than the US average at 109 versus 100. Major employers in area include Walmart, Lowe's and Amazon along with many others providing ample job opportunities to those looking for work. Tourist attractions such as the Natural Bridge and Cedar Creek Battlefield are popular destinations year round giving its visitors plenty of reasons to return time and time again. Whether it's seeking employment or simply looking for an enjoyable place to live and visit Southern Gateway offers a wealth of opportunities for all who decide to make this town their home.

Southern Gateway has an unemployment rate of 4.8%. The US average is 6.0%.

Southern Gateway has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.

Tax Rates for Southern Gateway
- The Sales Tax Rate for Southern Gateway is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Southern Gateway 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 Southern Gateway
- The average income of a Southern Gateway resident is $31,673 a year. The US average is $28,555 a year.
- The Median household income of a Southern Gateway resident is $72,139 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouthern Gateway, VirginiaUnited States
  4.86
  -5.4%-6.2%
  40.3%33.5%
  5.3%6.2%
  5.8%4.6%
  $33,920$37,638
  $72,139$69,021
  $78,897$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.6%6.8%
  2.4%10.0%
  7.5%2.5%
  13.8%11.0%
  3.1%4.8%
  0.0%0.8%
  6.2%1.9%
  4.4%4.7%
  1.6%1.9%
  7.5%7.6%
  2.1%0.1%
  4.7%4.2%
  6.5%9.3%
  6.7%14.0%
  3.0%2.1%
  15.9%7.0%
  0.0%4.8%
  10.7%4.7%
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