Gasburg, VA is a small town located in Brunswick County with a population of 23857. Housing in the area is very affordable, with the average 2 Bedroom rent being $800 compared to the US average of $1,430. Grocery costs in Gasburg are also extremely competitive, with a Grocery Cost Index of 97 versus 100 in the US. Home ownership is also attractive in Gasburg as the average sale price for a home is around $140,000 which is lower than many surrounding counties. The local economy relies mainly on tourism and industry with well known companies such as Smithfield Foods and Virginia Natural Gas operating within city limits. All this makes Gasburg an ideal place for both families and businesses looking for low cost living options and reliable sources of employment.
Gasburg (zip 23857) has an unemployment rate of 7.8%. The US average is 6.0%.
Gasburg (zip 23857) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 12.3%, which is lower than the US average of 33.5%.
Tax Rates for Gasburg (zip 23857)
- The Sales Tax Rate for Gasburg (zip 23857) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Gasburg (zip 23857) 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 Gasburg (zip 23857)
- The average income of a Gasburg (zip 23857) resident is $43,874 a year. The US average is $37,638 a year.
- The Median household income of a Gasburg (zip 23857) resident is $124,022 a year. The US average is $69,021 a year.