24551 Forest, VA is a beautiful place to call home. The average two bedroom rent in this area is $1,040 which is significantly lower than the US average of $1,430. This makes 24551 Forest an ideal location for those looking to save money on rent. Grocery costs are also lower in this area with an index of 102 compared to the US index of 100. Local businesses such as Lewis' Market and Cole's Supermarket offer competitive prices so you can get your groceries without breaking the bank. Lewis' Market offers fresh produce at an affordable price while Cole's Supermarket has weekly sales on common household items that will help you save extra money each month.
Forest (zip 24551) has an unemployment rate of 4.7%. The US average is 6.0%.
Forest (zip 24551) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Forest (zip 24551)
- The Sales Tax Rate for Forest (zip 24551) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Forest (zip 24551) 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 Forest (zip 24551)
- The average income of a Forest (zip 24551) resident is $32,925 a year. The US average is $28,555 a year.
- The Median household income of a Forest (zip 24551) resident is $83,995 a year. The US average is $69,021 a year.