Zip 23324 (Chesapeake, VA) Economy


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In 23324 Chesapeake, VA, the average 2 bedroom rent is $1,220, which is much more affordable than the US average of $1,430. The grocery cost index in this area is 96 compared to 100 nationally. Not only is living here more affordable, but there are plenty of local businesses and attractions to enjoy. Popular companies in 23324 Chesapeake include Dollar Tree Headquarters, Kellam Mechanical Construction Company Inc., G&J Pepsi-Cola Bottlers Inc., and Contractors Rental Corporation. There are also numerous places to explore such as the Chesapeake Arboretum and Coffee House Music Hall for entertainment, as well as the Great Dismal Swamp National Wildlife Refuge just outside of town for outdoor recreation.

Chesapeake (zip 23324) has an unemployment rate of 5.0%. The US average is 6.0%.

Chesapeake (zip 23324) 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 23324)
- The Sales Tax Rate for Chesapeake (zip 23324) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake (zip 23324) 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 23324)
- The average income of a Chesapeake (zip 23324) resident is $18,272 a year. The US average is $28,555 a year.
- The Median household income of a Chesapeake (zip 23324) resident is $49,198 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChesapeake, VirginiaUnited States
  56
  -5.8%-6.2%
  35.2%33.5%
  6.0%6.2%
  5.8%4.6%
  $23,824$37,638
  $49,198$69,021
  $55,636$85,028
  Population by Occupation
  0.5%1.2%
  0.1%0.5%
  8.4%6.8%
  7.2%10.0%
  1.1%2.5%
  14.9%11.0%
  6.5%4.8%
  1.5%0.8%
  1.1%1.9%
  2.5%4.7%
  1.2%1.9%
  3.6%7.6%
  0.0%0.1%
  5.3%4.2%
  5.3%9.3%
  17.4%14.0%
  1.7%2.1%
  8.3%7.0%
  4.6%4.8%
  8.9%4.7%
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