24569 Long Island, Virginia is a small town located on the eastern shore of the Chesapeake Bay in Accomack County. This quaint town has a population of approximately 2,000 people and possesses a strong sense of community spirit. Rent for a two bedroom here averages around $850 per month, while grocery prices are slightly lower than the national average, with an index of 94 compared to 100 in the US.
The local economy is mainly driven by agriculture and tourism. Local businesses include Pungo Tractor & Equipment Inc., S&S Seafood Supply Co., Eastern Shore Builders Supply Company, Inc., Wingfield's Store and Garage Services, Inc., and other small family-owned businesses. There are also several restaurants in the area like The Sea Swirl Restaurant & Raw Bar and Tim's Place that serve fresh local seafood.
Long Island (zip 24569) has an unemployment rate of 5.1%. The US average is 6.0%.
Long Island (zip 24569) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Long Island (zip 24569)
- The Sales Tax Rate for Long Island (zip 24569) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Long Island (zip 24569) 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 Long Island (zip 24569)
- The average income of a Long Island (zip 24569) resident is $23,089 a year. The US average is $37,638 a year.
- The Median household income of a Long Island (zip 24569) resident is $45,750 a year. The US average is $69,021 a year.