22508 Lake of the Woods, VA is a quiet and peaceful neighborhood in Virginia offering an excellent quality of life. The two bedroom rent in the area is around $1,480, which is slightly more expensive than the US average of $1,430. Grocery cost index in this locality is quite similar to the national average at 100 each. The area features a variety of recreational activities for residents including hiking trails and boating on Lake of the Woods. Additionally, there are several local companies such as Fire & Ice HVAC and Lewis Construction that provide services within 22508 Lake of the Woods, VA.
Lake of the Woods (zip 22508) has an unemployment rate of 4.9%. The US average is 6.0%.
Lake of the Woods (zip 22508) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Lake of the Woods (zip 22508)
- The Sales Tax Rate for Lake of the Woods (zip 22508) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lake of the Woods (zip 22508) 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 Lake of the Woods (zip 22508)
- The average income of a Lake of the Woods (zip 22508) resident is $41,847 a year. The US average is $37,638 a year.
- The Median household income of a Lake of the Woods (zip 22508) resident is $96,113 a year. The US average is $69,021 a year.