22949 Lovingston, VA is a small town located in Nelson County surrounded by beautiful mountain views. The cost of living here is quite reasonable compared to other parts of the state. For example, the average two-bedroom rent in 22949 Lovingston, VA is $1,130 as opposed to the US average 2 bedroom rent which is $1,430. Additionally, the grocery cost index in this part of Virginia is 98 versus 100 in the US.
The economy of 22949 Lovingston, VA relies on tourism and local businesses like Apple Valley Farm Market for fresh produce or Twisted Oak Winery for award winning wines from some of the oldest vineyards in America. Other local businesses include Amherst County Community Market for toiletries and home items as well as Daniel's Store which offers tools and hardware for all your DIY needs.
Overall, 22949 Lovingston, VA offers a small-town feel with affordable cost of living allowing individuals to enjoy the peaceful environment while also having access to quality goods and services provided by local businesses.
Lovingston (zip 22949) has an unemployment rate of 4.7%. The US average is 6.0%.
Lovingston (zip 22949) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Lovingston (zip 22949)
- The Sales Tax Rate for Lovingston (zip 22949) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lovingston (zip 22949) 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 Lovingston (zip 22949)
- The average income of a Lovingston (zip 22949) resident is $35,496 a year. The US average is $28,555 a year.
- The Median household income of a Lovingston (zip 22949) resident is $43,000 a year. The US average is $69,021 a year.