Zip 24432 (Deerfield, VA) Economy


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24432 Deerfield, VA is a great place to live due to its affordable housing market. The average 2 bedroom rent in the area is $1,050 which is significantly lower than the US average of $1,430. This makes living in Deerfield an attractive option for many people. Grocery costs are also lower than average with a grocery cost index of 96 compared to 100 in the US. Many local companies offer employment opportunities in Deerfield and surrounding areas. Some of these businesses include People's United Bank, M&T Bank Corporation, Eastern National Bank, and CFCU Community Credit Union. These firms provide employment for many community members and contribute to a thriving local economy.

Deerfield (zip 24432) has an unemployment rate of 4.1%. The US average is 6.0%.

Deerfield (zip 24432) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.

Tax Rates for Deerfield (zip 24432)
- The Sales Tax Rate for Deerfield (zip 24432) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Deerfield (zip 24432) 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 Deerfield (zip 24432)
- The average income of a Deerfield (zip 24432) resident is $44,399 a year. The US average is $37,638 a year.
- The Median household income of a Deerfield (zip 24432) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeerfield, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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