Hampton City, VA County is a great place to live and work. It has a vibrant economy with many popular local businesses such as Hampton Bayside Marina, Langley Speedway, and Hampton Roads Harley-Davidson. The cost of living in this area is affordable with an average two bedroom rent of about $1,330. This is much lower than the national average of $1,430 for two bedroom rent. Grocery costs are also low in Hampton City – the index for this city is 97 compared to the US average of 100. Residents can find plenty of employment opportunities in the area due to its large number of businesses.
Hampton City County has an unemployment rate of 7.2%. The US average is 6.0%.
Hampton City County has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Hampton City County
- The Sales Tax Rate for Hampton City County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hampton City 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 Hampton City County
- The average income of a Hampton City County resident is $32,831 a year. The US average is $37,638 a year.
- The Median household income of a Hampton City County resident is $59,380 a year. The US average is $69,021 a year.