23316 Cheriton, VA is a great place to live for those seeking a quiet, suburban atmosphere. The 2 bedroom rent in the area is $840, which is significantly lower than the national average of $1,430. Additionally, the local grocery cost index is 97 versus 100 in the US. These lower costs make it an ideal location for families looking to save money and still enjoy all the amenities of city life.
23316 Cheriton, VA is also home to several businesses that help power its economy. These businesses include Sentara Healthcare, Newport News Shipbuilding and Dry Dock Company, Ferguson Enterprises Inc., Lockheed Martin Corporation and Busch Manufacturing Co. These companies provide a variety of jobs ranging from healthcare to manufacturing and defense contracts. All this makes 23316 Cheriton a great place to call home!
Cheriton (zip 23316) has an unemployment rate of 8.0%. The US average is 6.0%.
Cheriton (zip 23316) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 2.6%, which is lower than the US average of 33.5%.
Tax Rates for Cheriton (zip 23316)
- The Sales Tax Rate for Cheriton (zip 23316) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cheriton (zip 23316) 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 Cheriton (zip 23316)
- The average income of a Cheriton (zip 23316) resident is $11,191 a year. The US average is $28,555 a year.
- The Median household income of a Cheriton (zip 23316) resident is $84,000 a year. The US average is $69,021 a year.