Situated in the desirable 23320 zip code of Chesapeake, VA lies an array of local businesses, activities and opportunities for residents. With a cost of living index score of 100 (equal to the national average) and two bedroom rental rates averaging $1,650 per month, Chesapeake is both affordably-priced and conveniently located. Businesses such as Lumber Liquidators, JCPenney, Walmart Supercenter and Best Buy cater to local residents' needs for goods and services. In comparison to US two bedroom rental rates ($1,430), Chesapeake provides a more expensive option for housing but with a higher quality of life.
Chesapeake (zip 23320) has an unemployment rate of 5.0%. The US average is 6.0%.
Chesapeake (zip 23320) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Chesapeake (zip 23320)
- The Sales Tax Rate for Chesapeake (zip 23320) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake (zip 23320) 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 Chesapeake (zip 23320)
- The average income of a Chesapeake (zip 23320) resident is $32,438 a year. The US average is $28,555 a year.
- The Median household income of a Chesapeake (zip 23320) resident is $78,516 a year. The US average is $69,021 a year.