Fredericksburg, Virginia is a charming city with a population of 24,286. It offers affordable 2 bedroom rent of $1,600 compared to the US average of $1,430. The Grocery Cost Index in Fredericksburg is 107 versus 100 in the US. This city boasts many local companies such as DGX Technologies, The Fredericksburg Standard, and FSI Mechanical. The diverse economy enables locals to purchase products from businesses like these while maintaining an affordable lifestyle.
Fredericksburg (zip 22408) has an unemployment rate of 5.0%. The US average is 6.0%.
Fredericksburg (zip 22408) 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 22408)
- The Sales Tax Rate for Fredericksburg (zip 22408) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fredericksburg (zip 22408) 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 22408)
- The average income of a Fredericksburg (zip 22408) resident is $45,018 a year. The US average is $37,638 a year.
- The Median household income of a Fredericksburg (zip 22408) resident is $101,496 a year. The US average is $69,021 a year.