Zip 22902 (Charlottesville, VA) Economy


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Charlottesville, VA (22902) is a great place to live due to its low cost of living and easy access to quality services. The average two bedroom rent in the area is $1,550, which is lower than the national average of $1,430. Additionally, grocery costs index in Charlottesville is 101 compared to 100 nationally. Charlottesville locals have access to a variety of chain stores such as Walmart, Target, Home Depot, Walgreens and Whole Foods Market. There are also some locally owned business including Miller's Downtown Barbecue for delicious meals or The Art Box for custom picture frames. All in all, Charlottesville is an affordable city with plenty of options for consumers looking for convenience and value.

Charlottesville (zip 22902) has an unemployment rate of 4.7%. The US average is 6.0%.

Charlottesville (zip 22902) has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.

Tax Rates for Charlottesville (zip 22902)
- The Sales Tax Rate for Charlottesville (zip 22902) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Charlottesville (zip 22902) 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 Charlottesville (zip 22902)
- The average income of a Charlottesville (zip 22902) resident is $33,134 a year. The US average is $28,555 a year.
- The Median household income of a Charlottesville (zip 22902) resident is $79,447 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharlottesville, VirginiaUnited States
  4.76
  -7.5%-6.2%
  42.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $46,393$37,638
  $79,447$69,021
  $97,363$85,028
  Population by Occupation
  0.1%1.2%
  0.7%0.5%
  6.0%6.8%
  4.2%10.0%
  0.6%2.5%
  8.1%11.0%
  1.3%4.8%
  0.3%0.8%
  2.3%1.9%
  4.2%4.7%
  1.7%1.9%
  13.6%7.6%
  0.0%0.1%
  5.0%4.2%
  20.1%9.3%
  12.6%14.0%
  1.9%2.1%
  7.7%7.0%
  5.9%4.8%
  3.6%4.7%
Reviews for Charlottesville
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Great hiking, wineries, education, LGBTQ friendly, food experiences, arts and friendly people.  More

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