Zip 23055 (Fork Union, VA) Economy


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Fork Union, VA is a small town located in the eastern part of the state situated between Richmond and Charlottesville. The area offers a rural lifestyle with plenty of outdoor activities for residents to enjoy. The 2 bedroom rent in Fork Union is $1,260 which is slightly lower than the average US 2 Bedroom rent of $1,430. Grocery costs in Fork Union are also slightly less expensive than the national average at 96 versus 100 respectively.
The area has several popular companies that provide jobs to locals such as Southern Environmental Services, Dominion Energy, Food Lion, and Walmart. Many of these companies offer manual labor jobs for those who do not have a college degree or specialize skillset, while others may require additional qualifications depending on the position desired. Additionally, there are a number of small businesses in Fork Union that serve as great places for locals to find employment such as restaurants and retail stores.

Fork Union (zip 23055) has an unemployment rate of 4.4%. The US average is 6.0%.

Fork Union (zip 23055) has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.

Tax Rates for Fork Union (zip 23055)
- The Sales Tax Rate for Fork Union (zip 23055) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fork Union (zip 23055) 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 Fork Union (zip 23055)
- The average income of a Fork Union (zip 23055) resident is $23,153 a year. The US average is $28,555 a year.
- The Median household income of a Fork Union (zip 23055) resident is $46,863 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFork Union, VirginiaUnited States
  4.46
  -7.4%-6.2%
  41.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $40,109$37,638
  $46,863$69,021
  $46,452$85,028
  Population by Occupation
  2.7%1.2%
  0.0%0.5%
  7.7%6.8%
  0.0%10.0%
  0.0%2.5%
  0.2%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  11.3%7.6%
  0.0%0.1%
  19.9%4.2%
  49.6%9.3%
  0.0%14.0%
  5.2%2.1%
  0.0%7.0%
  0.0%4.8%
  3.3%4.7%
Health