Fredericksburg, Virginia is a great place to live with plenty of local amenities. The cost of living in Fredericksburg is slightly higher than the US average, with 2 bedroom rent at $1,530 per month compared to $1,430 across the nation. In addition, the grocery cost index is 109 versus 100 in the US. There are numerous businesses located in Fredericksburg including Spotsylvania Regional Medical Center, Wegmans Fredericksburg, Potomac Mills Mall and IKEA Woodbridge. All these businesses provide jobs for locals as well as creating an attractive environment for visitors to shop and dine.
Fredericksburg (zip 22406) has an unemployment rate of 4.8%. The US average is 6.0%.
Fredericksburg (zip 22406) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Fredericksburg (zip 22406)
- The Sales Tax Rate for Fredericksburg (zip 22406) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg (zip 22406) 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 22406)
- The average income of a Fredericksburg (zip 22406) resident is $35,713 a year. The US average is $28,555 a year.
- The Median household income of a Fredericksburg (zip 22406) resident is $105,070 a year. The US average is $69,021 a year.