University of Virginia, VA Economy

The University of Virginia, VA is a great place to live for students and professionals alike. The average two bedroom rent in this area is $1,480 which is slightly higher than the national average of $1,430. Additionally, the grocery cost index in this area is 95 compared to the US which has an index of 100. There are a number of local companies that make the area desirable such as UVA Health System and Amazon's AWS. All in all, University of Virginia, VA has a reasonably priced cost of living making it a great place to live for college students and professionals alike.

University of Virginia has an unemployment rate of 4.3%. The US average is 6.0%.

University of Virginia has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.

Tax Rates for University of Virginia
- The Sales Tax Rate for University of Virginia is 5.3%. The US average is 7.3%.
- The Income Tax Rate for University of Virginia 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 University of Virginia
- The average income of a University of Virginia resident is $7,360 a year. The US average is $28,555 a year.
- The Median household income of a University of Virginia resident is $42,107 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	University of Virginia, Virginia	United States
	4.3	6
	-7.3%	-6.2%
	42.1%	33.5%
	5.3%	6.2%
	5.8%	4.6%
	$11,126	$37,638
	$42,107	$69,021
	$63,264	$85,028
Population by Occupation
	0.3%	1.2%
	0.0%	0.5%
	4.1%	6.8%
	2.1%	10.0%
	0.0%	2.5%
	7.9%	11.0%
	0.7%	4.8%
	0.0%	0.8%
	0.2%	1.9%
	3.9%	4.7%
	0.0%	1.9%
	8.3%	7.6%
	0.0%	0.1%
	3.4%	4.2%
	42.9%	9.3%
	5.4%	14.0%
	6.9%	2.1%
	11.2%	7.0%
	1.5%	4.8%
	1.2%	4.7%