Albemarle County is located in Virginia with a population of around 104,000 people. The county is home to many local companies including Albemarle County Public Schools, The University of Virginia, UVA Medical Center, Sentara Martha Jefferson Hospital and the 5th Street Station Shopping Center. It has an average 2 bedroom rent of $1,400 which is lower than the US average at $1,430. Prices for groceries are also lower than the US average with an index score of 101 in comparison to 100. This makes Albemarle County an attractive place for those looking for lower costs of living without sacrificing quality of life.
Albemarle County has an unemployment rate of 4.3%. The US average is 6.0%.
Albemarle County 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 Albemarle County
- The Sales Tax Rate for Albemarle County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Albemarle 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 Albemarle County
- The average income of a Albemarle County resident is $37,510 a year. The US average is $28,555 a year.
- The Median household income of a Albemarle County resident is $90,568 a year. The US average is $69,021 a year.