Zip 23840 (DeWitt, VA) Economy


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23840 DeWitt, VA is a great location if you are looking for a place to call home. With an average 2 Bedroom rent of $1120, it's significantly lower than the US average of $1430. This can be beneficial to those who need to stick to a budget. Additionally, grocery cost index in DeWitt is 95 compared to 100 in the US.
The area has much to offer such as local small businesses like The Clothes Horse Boutique and Sweet Dreams Bakery & Cafe as well as larger companies like Walmart and PepsiCo. There’s also an array of recreational opportunities from Cape Charles Beachfront Park which boasts pristine sandy beaches or a stroll through the Historic Downtown District full of unique sights and sounds. No matter what your preferences, 23840 Dewitt, VA has something that will make it feel like home

DeWitt (zip 23840) has an unemployment rate of 6.0%. The US average is 6.0%.

DeWitt (zip 23840) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.

Tax Rates for DeWitt (zip 23840)
- The Sales Tax Rate for DeWitt (zip 23840) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for DeWitt (zip 23840) 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 DeWitt (zip 23840)
- The average income of a DeWitt (zip 23840) resident is $20,675 a year. The US average is $28,555 a year.
- The Median household income of a DeWitt (zip 23840) resident is $85,806 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeWitt, VirginiaUnited States
  66
  -5.4%-6.2%
  35.0%33.5%
  5.3%6.2%
  5.8%4.6%
  $36,387$37,638
  $85,806$69,021
  $87,336$85,028
  Population by Occupation
  0.9%1.2%
  0.0%0.5%
  2.8%6.8%
  5.5%10.0%
  2.1%2.5%
  10.4%11.0%
  14.3%4.8%
  0.0%0.8%
  0.0%1.9%
  2.9%4.7%
  0.0%1.9%
  7.2%7.6%
  0.0%0.1%
  4.4%4.2%
  2.4%9.3%
  22.5%14.0%
  0.0%2.1%
  3.8%7.0%
  3.3%4.8%
  17.3%4.7%
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