Buckingham, VA County is a great place to live with many amenities and attractions. The county has a 2 bedroom rent of $850 per month, which is significantly more affordable than the national average of $1,430 per month. Furthermore, the grocery cost index in Buckingham County is 95 compared to the US index of 100. This means that groceries are relatively cheaper in Buckingham County than in most other places.
The economy of Buckingham County is supported by many local companies including Christopher’s Auto Repair & Refinishing, Riverwood Farms Inc., Blackstone Millwork Inc., and Ultimate Lawn Care LLC. These businesses provide goods and services that contribute to a healthy and vibrant economy for residents of Buckingham County. Local businesses also support the area's tourism industry by providing employment opportunities for people living in the county.
When comparing Buckingham County to other counties across the country, it has an affordable cost of living while still providing quality goods and services from great local companies. This combination makes it one of the best places to live and work in Virginia.
Buckingham County has an unemployment rate of 7.1%. The US average is 6.0%.
Buckingham 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 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Buckingham County
- The Sales Tax Rate for Buckingham County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Buckingham 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 Buckingham County
- The average income of a Buckingham County resident is $17,345 a year. The US average is $28,555 a year.
- The Median household income of a Buckingham County resident is $49,841 a year. The US average is $69,021 a year.