Woodlake, VA is an ideal place to live as it offers lower rental prices than the rest of the US. The average two bedroom rent in Woodlake is $1,590 while in the US it is $1,430. This makes Woodlake a great option for those who want to save money on rent while still having access to all the amenities they need. There are many local businesses in Woodlake such as Walmart and Woodlake Country Club that provide residents with necessary items like groceries and recreation. Additionally, the Grocery Cost Index in Woodlake is 101 versus 100 in the US- making it slightly more expensive than other areas. All this makes Woodlake a great option for people looking for a city that provides affordability and easy access to services and amenities.
Woodlake has an unemployment rate of 4.8%. The US average is 6.0%.
Woodlake 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 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Woodlake
- The Sales Tax Rate for Woodlake is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Woodlake 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 Woodlake
- The average income of a Woodlake resident is $39,163 a year. The US average is $28,555 a year.
- The Median household income of a Woodlake resident is $115,634 a year. The US average is $69,021 a year.