Loudoun County, VA is a vibrant area with many local businesses and industries. Major companies include Carfax, which provides services for the automotive industry, and Orbital ATK, which specializes in aerospace technology. There are also several large data centers for technology giants such as Amazon Web Services, Microsoft, and Google. The county's low unemployment rate of 2.9% reflects the diverse job opportunities offered by these large firms. In terms of housing costs, Loudoun County has higher two bedroom rents than the national average at an estimated $1,840 versus $1,430, but still remains relatively affordable compared to other areas. Additionally, the cost of groceries is above average at 114 compared to 100 in the US.
Loudoun County has an unemployment rate of 4.1%. The US average is 6.0%.
Loudoun County has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher than the US average of 33.5%.
Tax Rates for Loudoun County
- The Sales Tax Rate for Loudoun County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loudoun 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 Loudoun County
- The average income of a Loudoun County resident is $46,962 a year. The US average is $28,555 a year.
- The Median household income of a Loudoun County resident is $156,821 a year. The US average is $69,021 a year.