West Point, VA is a small town located in King William County. The average two-bedroom rent price is affordable at $1,140, which is lower than the national average of $1,430. Additionally, the Grocery Cost Index in West Point is 97 compared to 100 in the US.
The town has several local companies that contribute to its economy such as Britton's Sporting Goods Store, Stump Sailors Marina and Boatyard, and Olde Towne Pub and Grille. Britton's Sporting Goods Store offers a variety of outdoor equipment and apparel for all types of activities from camping to skiing. Stump Sailors Marina and Boatyard allows for convenient access to nearby rivers and lakes for fishing or recreational boating. Finally, Olde Towne Pub and Grille serves up classic American meals with an emphasis on fresh seafood. All these businesses create a vibrant community in West Point, VA.
West Point has an unemployment rate of 4.7%. The US average is 6.0%.
West Point 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 5.3%. The US average is 7.3%.
- The Income Tax Rate for West Point 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 West Point
- The average income of a West Point resident is $26,070 a year. The US average is $28,555 a year.
- The Median household income of a West Point resident is $80,300 a year. The US average is $69,021 a year.