Zip 23004 (Arvonia, VA) Economy


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The small town of Arvonia, Virginia is an ideal place to live for those looking for a more laid-back lifestyle. With a population of around 720 people, it offers a great sense of community and a low cost of living. The average two bedroom rent in Arvonia is only $820 compared to the US average which is $1,430. This makes it an affordable option for those with limited financial means. In addition, the local grocery cost index in Arvonia is 93 versus 100 in the US, making groceries cheaper here than elsewhere. Local businesses in Arvonia include Asherwood Farm and Garden Center, Riverside Grocery Market, and Anderson's Country Store & Bakery where residents can get all their daily needs met. With its peaceful atmosphere and low cost of living, Arvonia is an excellent place to settle down.

Arvonia (zip 23004) has an unemployment rate of 7.1%. The US average is 6.0%.

Arvonia (zip 23004) has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.

Tax Rates for Arvonia (zip 23004)
- The Sales Tax Rate for Arvonia (zip 23004) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Arvonia (zip 23004) 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 Arvonia (zip 23004)
- The average income of a Arvonia (zip 23004) resident is $22,660 a year. The US average is $28,555 a year.
- The Median household income of a Arvonia (zip 23004) resident is $47,969 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyArvonia, VirginiaUnited States
  7.16
  -7.1%-6.2%
  36.0%33.5%
  5.3%6.2%
  5.8%4.6%
  $31,299$37,638
  $47,969$69,021
  $69,527$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  15.6%6.8%
  9.7%10.0%
  3.6%2.5%
  8.5%11.0%
  7.2%4.8%
  1.4%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  4.5%7.6%
  0.0%0.1%
  1.6%4.2%
  11.7%9.3%
  5.2%14.0%
  6.3%2.1%
  15.5%7.0%
  0.0%4.8%
  9.2%4.7%
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