Zip 22623 (Chester Gap, VA) Economy


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22623 Chester Gap, VA is located in the Blue Ridge Mountains and offers a peaceful environment with great access to nature. The 2 Bedroom Rent in this area is $1,160 which is more affordable than the US average of $1,430. For essentials such as groceries, the Grocery Cost Index in this area is 105 which is higher than the national average of 100. Local companies include 6 Peaks Enterprises LLC, Valley Pike Farm Market and CAVU Farms & Apiary. Prices vary but 6 Peaks Enterprises LLC provides services such as landscaping for around $200 per hour while CAVU Farms & Apiary sells honey for about $14 per jar. Valley Pike Farm Market sells fresh produce at affordable prices.

Chester Gap (zip 22623) has an unemployment rate of 3.9%. The US average is 6.0%.

Chester Gap (zip 22623) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.

Tax Rates for Chester Gap (zip 22623)
- The Sales Tax Rate for Chester Gap (zip 22623) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Chester Gap (zip 22623) 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 Gap (zip 22623)
- The average income of a Chester Gap (zip 22623) resident is $39,637 a year. The US average is $37,638 a year.
- The Median household income of a Chester Gap (zip 22623) resident is $111,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester Gap, 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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