24053 Ararat, VA is a great location to consider for those looking for affordable housing. The 2 bedroom rent in this area is $780 compared to the average US rate of $1,430; providing a significant savings for those looking to relocate. In addition to this, groceries in 24053 Ararat, VA are also much more cost-effective with an index rating of 95 compared to the US index of 100. Local companies such as Food Lion and Lowe's Foods have a variety of products at competitive prices. For example, at Food Lion you can find gallon of milk for $2.69 and a loaf of bread for $1.99 while at Lowe's Foods an avocado costs only 79 cents each and bananas are 43 cents per pound.
Ararat (zip 24053) has an unemployment rate of 6.0%. The US average is 6.0%.
Ararat (zip 24053) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Ararat (zip 24053)
- The Sales Tax Rate for Ararat (zip 24053) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Ararat (zip 24053) 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 Ararat (zip 24053)
- The average income of a Ararat (zip 24053) resident is $26,755 a year. The US average is $37,638 a year.
- The Median household income of a Ararat (zip 24053) resident is $43,169 a year. The US average is $69,021 a year.