Fredericksburg, VA, is an ideal place to live for people looking for a combination of affordability and convenience. With a 2 bedroom rent of just $1,380 compared to the national average of $1,430, Fredericksburg offers great value for your money. The Grocery Cost Index in Fredericksburg is 108 versus 100 nationally, providing access to local stores and restaurants at reasonable prices. In addition to this affordability, Fredericksburg is home to several major companies such as Mary Washington Healthcare, Spotsylvania Regional Medical Center, and Fedex Office. With so much to offer residents here are sure to find an apartment that fits their budget and lifestyle.
Fredericksburg (zip 22401) has an unemployment rate of 6.1%. The US average is 6.0%.
Fredericksburg (zip 22401) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Fredericksburg (zip 22401)
- The Sales Tax Rate for Fredericksburg (zip 22401) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg (zip 22401) 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 Fredericksburg (zip 22401)
- The average income of a Fredericksburg (zip 22401) resident is $28,453 a year. The US average is $28,555 a year.
- The Median household income of a Fredericksburg (zip 22401) resident is $71,989 a year. The US average is $69,021 a year.