Zip 22620 (Boyce, VA) Economy


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22620 Boyce, VA is a vibrant area with plenty of activities for its residents. It is located close to the Blue Ridge Mountains, offering an abundance of outdoor activities such as hiking and camping. Residents also have access to a variety of local businesses including restaurants, retail stores, and service providers like banks and grocery stores. The cost of living in Boyce is relatively low compared to other cities in Virginia. The average two bedroom rent in Boyce is $1,390 compared to the US average two bedroom rent of $1,430 and its grocery cost index is 108 versus 100 in the US. For those interested in entertainment, there are numerous options including cinemas, galleries, museums, music venues and nearby wineries. There are also many parks and recreational areas where locals can enjoy picnics or spend time outdoors. All of these factors make 22620 Boyce an ideal place to live for those seeking an affordable lifestyle with lots of activities and amenities nearby.

Boyce (zip 22620) has an unemployment rate of 3.9%. The US average is 6.0%.

Boyce (zip 22620) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is lower than the US average of 33.5%.

Tax Rates for Boyce (zip 22620)
- The Sales Tax Rate for Boyce (zip 22620) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Boyce (zip 22620) 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 Boyce (zip 22620)
- The average income of a Boyce (zip 22620) resident is $48,114 a year. The US average is $37,638 a year.
- The Median household income of a Boyce (zip 22620) resident is $112,847 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBoyce, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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