Zip 22938 (Faber, VA) Economy


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22938 Faber, VA is a picturesque town located in the heart of Virginia. With a population of 1,615 it is one of the most sought after places to live. The 2 bedroom rent in Faber is $1,160 which is less than the average US rate for 2 bedroom rent at $1,430. Moreover, the Grocery Cost Index in Faber is also comparable to the US index at 100 versus 100 respectively.
Faber has great local companies such as Miller's Produce Market and J&G Mechanical Services. These businesses provide excellent services to residents in the area and have been part of the community for many years. Residents also enjoy amenities like Riverside Park and Meadowview Golf Course which both offer stunning views and plenty of recreational activities to keep everyone entertained.

Faber (zip 22938) has an unemployment rate of 4.7%. The US average is 6.0%.

Faber (zip 22938) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Faber (zip 22938)
- The Sales Tax Rate for Faber (zip 22938) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Faber (zip 22938) 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 Faber (zip 22938)
- The average income of a Faber (zip 22938) resident is $27,393 a year. The US average is $28,555 a year.
- The Median household income of a Faber (zip 22938) resident is $52,153 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFaber, VirginiaUnited States
  4.76
  -6.7%-6.2%
  37.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $42,470$37,638
  $52,153$69,021
  $51,597$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.5%6.8%
  9.7%10.0%
  0.0%2.5%
  7.0%11.0%
  0.0%4.8%
  0.0%0.8%
  1.9%1.9%
  0.0%4.7%
  0.0%1.9%
  4.8%7.6%
  0.0%0.1%
  15.6%4.2%
  8.3%9.3%
  15.6%14.0%
  2.5%2.1%
  14.3%7.0%
  9.7%4.8%
  7.1%4.7%
Health