Elkwood, Virginia is a small town located in Culpeper County. With a population of just 22718, it is a tranquil and peaceful place to call home. The 2 bedroom rent in Elkwood is reasonably priced at $1,140 while the US average for the same size apartment is $1,430. The local grocery cost index in Elkwood stands at 107 versus 100 in the US.
The town offers convenient access to Washington DC thanks to its close proximity to Route 15 and Route 29 as well as I-66. It’s also home to many local businesses such as Elkwood Auto Parts & Services Inc., James River Equipment Co., Culpeper Medical Center, and Northridge Farms LLC. There are also plenty of dining options available including Elkwood Grill & Cafe and Kelly's Country Store Restaurant & Deli.
Elkwood (zip 22718) has an unemployment rate of 4.4%. The US average is 6.0%.
Elkwood (zip 22718) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Elkwood (zip 22718)
- The Sales Tax Rate for Elkwood (zip 22718) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Elkwood (zip 22718) 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 Elkwood (zip 22718)
- The average income of a Elkwood (zip 22718) resident is $31,473 a year. The US average is $37,638 a year.
- The Median household income of a Elkwood (zip 22718) resident is $76,380 a year. The US average is $69,021 a year.