Hopewell City, VA County is located in the east-central portion of the state. It is home to a variety of local businesses, such as Riverside Regional Medical Center, Appomattox Regional Library System, and Hopewell Community Theater. The cost of living in Hopewell City is relatively low compared to other parts of Virginia, with two bedroom rent costing an average of $1,340 compared to the US average of $1430. Grocery costs are also lower than the national average in Hopewell City with a grocery cost index of 95 versus 100 in the US. With its lower cost of living and wide range of businesses, Hopewell City makes for an ideal place to live and work.
Hopewell City County has an unemployment rate of 9.5%. The US average is 6.0%.
Hopewell City County has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Hopewell City County
- The Sales Tax Rate for Hopewell City County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hopewell 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 Hopewell City County
- The average income of a Hopewell City County resident is $23,314 a year. The US average is $37,638 a year.
- The Median household income of a Hopewell City County resident is $44,209 a year. The US average is $69,021 a year.