Zip 22192 (Lake Ridge, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
22192 Lake Ridge, VA is an excellent place for people looking to find a nice 2 bedroom apartment. The rent cost of a 2 bedroom is $1,810 a month which is higher than the US average of $1,430 monthly but still highly competitive given the area's strong economic base. There are many local companies that operate out of Lake Ridge such as Lutron Electronics, Nano Tech Inc., and La-Z-Boy Furniture Galleries. All of these companies provide great job opportunities and help to keep the grocery cost index at 109 compared to 100 in the rest of the country. Overall, 22192 Lake Ridge is a great place to buy or rent an apartment with plenty of job options available at reasonable prices.

Lake Ridge (zip 22192) has an unemployment rate of 5.2%. The US average is 6.0%.

Lake Ridge (zip 22192) has seen the job market increase by 1.9% 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 Lake Ridge (zip 22192)
- The Sales Tax Rate for Lake Ridge (zip 22192) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Ridge (zip 22192) 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 Ridge (zip 22192)
- The average income of a Lake Ridge (zip 22192) resident is $41,852 a year. The US average is $28,555 a year.
- The Median household income of a Lake Ridge (zip 22192) resident is $109,825 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake Ridge, VirginiaUnited States
  5.26
  -5.3%-6.2%
  38.8%33.5%
  6.0%6.2%
  5.8%4.6%
  $46,772$37,638
  $109,825$69,021
  $122,075$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  5.0%6.8%
  2.3%10.0%
  1.1%2.5%
  9.2%11.0%
  3.9%4.8%
  0.7%0.8%
  1.2%1.9%
  3.5%4.7%
  2.7%1.9%
  16.7%7.6%
  0.1%0.1%
  3.2%4.2%
  9.4%9.3%
  12.3%14.0%
  2.7%2.1%
  7.1%7.0%
  4.7%4.8%
  14.0%4.7%
Reviews for Lake Ridge
    See all ()

Over 9 years ago

I'm a recent home owner in Woodbridge Virginia. During the time I shopped for housing (in 2014), the average cost per house was between 350-400K. The homes have  More

   |    Reply

Over 16 years ago

Whether it be formally or informally established, one of Washington D.C.'s many attributes includes its safe and clean mass transit systems, consisting of the buses,  More

   |    Reply

Start Your Review of Lake Ridge

Health