Surry, VA is a small town located in the southern part of the state. It is known for its attractive cost of living which make it an ideal place for those looking for an affordable lifestyle. The average two bedroom rent in Surry is around $710 compared to other cities and states with higher average rents, making it an attractive option for budget conscious renters. The Grocery Cost Index in Surry, VA is even more impressive, coming in at 97 versus 100 in the US on average. For shoppers looking to get more bang for their buck on everyday items like groceries, Surry makes a great choice.
The town's economy is primarily driven by local businesses such as The Kedelas Family Farm & Greenhouse, Virginia Coastal Growers Association, and Mason's Bakery Shoppe. These small businesses create a unique shopping experience that keeps locals returning for quality goods and services at affordable prices. As such, Surry can be compared to similar-sized towns throughout the country that offer low rent and grocery costs while providing an array of independently owned stores that add local flavor to the economy.
Surry has an unemployment rate of 4.9%. The US average is 6.0%.
Surry has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Surry
- The Sales Tax Rate for Surry is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Surry 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 Surry
- The average income of a Surry resident is $32,699 a year. The US average is $37,638 a year.
- The Median household income of a Surry resident is $82,857 a year. The US average is $69,021 a year.