Isle of Wight, VA County is a great place to live with many advantages. Rent prices are slightly lower than the US average, making it an affordable option for those looking to settle down. Additionally, grocery costs are very reasonable and comparable to the national average. Residents of Isle of Wight have access to a variety of local businesses such as Smithfield Foods and Maximus Corporation. There is something for everyone in the area with plenty of recreational activities available including golfing, fishing, and hiking trails. Isle of Wight also offers lots of festivals throughout the year that attract visitors from nearby cities.
Isle of Wight County has an unemployment rate of 4.6%. The US average is 6.0%.
Isle of Wight County has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Isle of Wight County
- The Sales Tax Rate for Isle of Wight County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Isle of Wight 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 Isle of Wight County
- The average income of a Isle of Wight County resident is $31,247 a year. The US average is $28,555 a year.
- The Median household income of a Isle of Wight County resident is $84,673 a year. The US average is $69,021 a year.