Zip 23831 (Chester, VA) Economy


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Situated in the city of Chester, VA, 23831 is considered a great place to live for its reasonable cost of living. In this area, the average cost for a 2 bedroom apartment is $1,520 which is slightly higher than the national average of $1,430. Additionally, locals benefit from a low Grocery Cost Index (99) when compared to the US (100).
There are plenty of local companies close by such as Chesterfield Telephone Co-Op Inc., National Pawn & Jewelry and Tru-Fit Mufflers & Brakes Inc. providing plenty of job opportunities for residents. With all these factors taken into consideration, it’s easy to see why residents love living in 23831 Chester VA.

Chester (zip 23831) has an unemployment rate of 4.8%. The US average is 6.0%.

Chester (zip 23831) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Chester (zip 23831)
- The Sales Tax Rate for Chester (zip 23831) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Chester (zip 23831) 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 Chester (zip 23831)
- The average income of a Chester (zip 23831) resident is $30,405 a year. The US average is $28,555 a year.
- The Median household income of a Chester (zip 23831) resident is $83,529 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester, VirginiaUnited States
  4.86
  -5.6%-6.2%
  37.5%33.5%
  5.3%6.2%
  5.8%4.6%
  $37,508$37,638
  $83,529$69,021
  $93,342$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  8.6%6.8%
  7.7%10.0%
  1.6%2.5%
  12.0%11.0%
  5.1%4.8%
  2.3%0.8%
  0.9%1.9%
  7.6%4.7%
  1.2%1.9%
  5.5%7.6%
  0.0%0.1%
  4.6%4.2%
  7.8%9.3%
  13.3%14.0%
  1.5%2.1%
  6.3%7.0%
  3.7%4.8%
  10.1%4.7%
Reviews for Chester
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Over 15 years ago

My family and I are transplants from the western part of va. and the Chester area has been nothing but a blessing to have settled in some 30 years ago. The school  More

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