Virginia State is a great place to live and work, with plenty of local companies offering a variety of products and services. From banking and finance to retail and technology, there's something for everyone in the diverse business landscape of Virginia. Popular companies include Capital One, Dominion Energy, CarMax, CIT Group, Altria Group Inc., Wawa Inc., Owens & Minor Inc., Norfolk Southern Corporation and Smithfield Foods. With two bedroom rentals averaging $1,400 per month and grocery cost indexes comparable to the national average, Virginia State provides an affordable lifestyle that is attractive to many people looking for a change of scenery.
Virginia has an unemployment rate of 5.1%. The US average is 6.0%.
Virginia has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Virginia
- The Sales Tax Rate for Virginia is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Virginia 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 Virginia
- The average income of a Virginia resident is $33,958 a year. The US average is $28,555 a year.
- The Median household income of a Virginia resident is $80,615 a year. The US average is $69,021 a year.