Hanover, VA County is a great place to live. With a relatively low 2 bedroom rent at $1,340, it is an affordable location for those looking to settle in. Its grocery cost index also matches the US average at 100. The county offers plenty of amenities for both locals and visitors alike, including local businesses such as Walmart, CVS Pharmacy, Lowe's Home Improvement and Target. Additionally, there are numerous restaurants and cafes in the area providing delicious food options. The overall cost of living in Hanover County is quite reasonable due to the low rent costs and competitive grocery prices. Overall, Hanover County is an ideal spot to live no matter one's needs or preferences.
Hanover County has an unemployment rate of 3.9%. The US average is 6.0%.
Hanover County 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 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Hanover County
- The Sales Tax Rate for Hanover County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hanover County 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 Hanover County
- The average income of a Hanover County resident is $34,241 a year. The US average is $28,555 a year.
- The Median household income of a Hanover County resident is $96,911 a year. The US average is $69,021 a year.