Halifax, VA County is a small community located about 100 miles south of Washington, D.C., and is known for its low cost of living. According to recent statistics, the average rent for a two-bedroom apartment in Halifax, VA County is $790, making it significantly less expensive than the US average of $1,430. Additionally, grocery costs in Halifax are 93 on an index scale of 100 as compared to the US average. The lower cost of living in Halifax makes it an attractive option for those looking to stretch their income dollar further and provides great potential for businesses looking to set up shop here. Local companies include Prime Realty & Investment LLC, Harvey Real Estate Services Inc., The Home Company LLC and Countryside Home Realty Inc.
Halifax County has an unemployment rate of 5.9%. The US average is 6.0%.
Halifax County has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Halifax County
- The Sales Tax Rate for Halifax County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Halifax 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 Halifax County
- The average income of a Halifax County resident is $24,899 a year. The US average is $37,638 a year.
- The Median household income of a Halifax County resident is $45,962 a year. The US average is $69,021 a year.