Zip 23061 (Gloucester, VA) Economy


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23061 Gloucester, VA is a great place to live for individuals or families looking for reasonably priced rental options. The 2 bedroom rent in Gloucester stands at $1,270, which is lower than the US average 2 bedroom rent of $1,430. In addition to this, the grocery cost index in Gloucester is 99 out of 100 compared to the US average grocery cost index. This makes it a very attractive option for those looking for budget friendly living costs. Local companies like Harris Teeter and Food Lion offer competitive prices that make it easier for residents to stay within budget. Their prices can vary slightly from store to store but generally remain low and appealing.

Gloucester (zip 23061) has an unemployment rate of 4.5%. The US average is 6.0%.

Gloucester (zip 23061) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.

Tax Rates for Gloucester (zip 23061)
- The Sales Tax Rate for Gloucester (zip 23061) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Gloucester (zip 23061) 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 Gloucester (zip 23061)
- The average income of a Gloucester (zip 23061) resident is $30,248 a year. The US average is $28,555 a year.
- The Median household income of a Gloucester (zip 23061) resident is $84,779 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGloucester, VirginiaUnited States
  4.56
  -5.6%-6.2%
  32.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $38,877$37,638
  $84,779$69,021
  $99,162$85,028
  Population by Occupation
  2.9%1.2%
  0.0%0.5%
  8.6%6.8%
  11.4%10.0%
  1.4%2.5%
  11.5%11.0%
  3.0%4.8%
  2.1%0.8%
  0.9%1.9%
  3.3%4.7%
  2.1%1.9%
  5.3%7.6%
  0.0%0.1%
  3.6%4.2%
  6.7%9.3%
  13.8%14.0%
  3.8%2.1%
  6.4%7.0%
  4.2%4.8%
  8.9%4.7%
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