Fredericksburg, Virginia (22407) is an ideal place to call home. The two bedroom rent of $1,570 is significantly lower than the national average of $1,430. Grocery Cost Index in Fredericksburg is also slightly higher than the US Average at 107 versus 100 respectively. This means that individuals living in this area will have access to a variety of stores that provide quality goods and services at relatively low prices compared to other areas in the country.
In addition to affordable housing and groceries, there are several local businesses and amenities that benefit individuals living in Fredericksburg. For example, local corporations such as Mary Washington University, Mary Washington Healthcare, and GEICO provide employment opportunities for those looking for work. The city also has a thriving arts scene with multiple galleries and performance venues located throughout the area including The Workhouse Arts Center, Fredericksburg Area Museum & Cultural Center, and The Center for the Arts. Outdoor activities abound as well with various walking trails around town such as The Rappahannock Riverwalk Trail and Wilderness Battlefield Trail providing great exercise for visitors or locals alike. There is something for everyone here in Fredericksburg making it a great place to call home!
Fredericksburg (zip 22407) has an unemployment rate of 5.0%. The US average is 6.0%.
Fredericksburg (zip 22407) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Fredericksburg (zip 22407)
- The Sales Tax Rate for Fredericksburg (zip 22407) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg (zip 22407) 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 22407)
- The average income of a Fredericksburg (zip 22407) resident is $38,662 a year. The US average is $37,638 a year.
- The Median household income of a Fredericksburg (zip 22407) resident is $95,734 a year. The US average is $69,021 a year.