Staunton-Waynesboro, VA Metro Area is a great place to live for those looking for affordable living costs. On average, two bedroom rental units in the area have a cost of $990, which is significantly lower than the US average of $1,430. Additionally, groceries are relatively cheaper here due to the Grocery Cost Index being 97 compared to 100 nationally. The area boasts many large companies such as DuPont Community Credit Union, BB&T Bank, and Valley Proteins Inc., adding to its employment opportunities and drawing in more optimistic residents.
Staunton Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Staunton Metro Area has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Staunton Metro Area
- The Sales Tax Rate for Staunton Metro Area is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Staunton Metro Area 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 Staunton Metro Area
- The average income of a Staunton Metro Area resident is $25,297 a year. The US average is $28,555 a year.
- The Median household income of a Staunton Metro Area resident is $61,397 a year. The US average is $69,021 a year.