Zip 22046 (Falls Church, VA) Economy


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Falls Church, VA (22046) is a desirable place to live due to its convenient location. It has a population of 12,332 and a median household income of $102,074. The cost of living in Falls Church is higher than the US average with 2 bedroom rent estimated at $2,050 compared to the US average of $1,430. The grocery cost index in Falls Church is 117 versus 100 in the US. Businesses that are popular in this area include Virginia Commerce Bank, Sephora, Koons Toyota Falls Church and Arlington Hyundai. This city offers many amenities for its residents including nearby parks and excellent schools which make it an ideal place to call home.

Falls Church (zip 22046) has an unemployment rate of 3.4%. The US average is 6.0%.

Falls Church (zip 22046) 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 39.7%, which is higher than the US average of 33.5%.

Tax Rates for Falls Church (zip 22046)
- The Sales Tax Rate for Falls Church (zip 22046) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Falls Church (zip 22046) 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 Falls Church (zip 22046)
- The average income of a Falls Church (zip 22046) resident is $59,547 a year. The US average is $28,555 a year.
- The Median household income of a Falls Church (zip 22046) resident is $166,882 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFalls Church, VirginiaUnited States
  3.46
  -5.3%-6.2%
  39.7%33.5%
  6.0%6.2%
  5.8%4.6%
  $77,207$37,638
  $166,882$69,021
  $197,292$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.8%6.8%
  2.2%10.0%
  0.9%2.5%
  4.6%11.0%
  2.1%4.8%
  0.3%0.8%
  1.9%1.9%
  4.1%4.7%
  1.9%1.9%
  26.0%7.6%
  0.4%0.1%
  2.8%4.2%
  9.5%9.3%
  11.1%14.0%
  2.3%2.1%
  5.5%7.0%
  5.8%4.8%
  16.0%4.7%
Health