Zip 23944 (Kenbridge, VA) Economy


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United States / Virginia / No Metro Area / Lunenburg County / Kenbridge / Kenbridge (zip 23944)
23944 Kenbridge, VA is an attractive place for those looking for a low cost of living. The 2 Bedroom Rent in the area is just $820 versus the US average of $1,430, making it an ideal location for individuals or families looking to save money. Beyond rent, the Grocery Cost Index in 23944 Kenbridge, VA stands at 95 compared to the US average of 100 meaning that groceries are also more affordable than other parts of the country. Living in 23944 Kenbridge, VA provides residents with access to various local businesses such as Dollar General, Dollar Tree and Quik Mart along with many other options. Overall 23944 Kenbridge offers an appealing combination of low costs and amenity rich environment making it an ideal place for those seeking to make their money stretch further.

Kenbridge (zip 23944) has an unemployment rate of 4.8%. The US average is 6.0%.

Kenbridge (zip 23944) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Kenbridge (zip 23944)
- The Sales Tax Rate for Kenbridge (zip 23944) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Kenbridge (zip 23944) 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 Kenbridge (zip 23944)
- The average income of a Kenbridge (zip 23944) resident is $23,367 a year. The US average is $37,638 a year.
- The Median household income of a Kenbridge (zip 23944) resident is $47,408 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKenbridge, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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