23124 New Kent, VA is an ideal place for individuals or families looking to rent an affordable 2 bedroom apartment. The average 2 bedroom rent in 23124 is $1,270 compared to the US average of $1,430. This makes it more attractive for those looking for a cost-effective option. Furthermore, the grocery cost index of 23124 matches that of the US at 100. This provides an additional value to individuals who wish to keep their costs low while living in the area.
Local companies that would benefit from this information include real estate companies such as ABC Realty and XYZ Home Solutions; they would be able to market their services as an affordable housing option for potential tenants. Grocery stores like Smith's Market and C&A Supermarket could use this information to show how their prices are competitive with those around the nation. Finally, businesses providing services related to the upkeep and maintenance of rental properties such as Landlord's Choice and Repairs R Us could advertise their services knowing that people will have fewer financial issues when renting out apartments in this area.
New Kent (zip 23124) has an unemployment rate of 3.9%. The US average is 6.0%.
New Kent (zip 23124) 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 42.6%, which is higher than the US average of 33.5%.
Tax Rates for New Kent (zip 23124)
- The Sales Tax Rate for New Kent (zip 23124) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for New Kent (zip 23124) 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 New Kent (zip 23124)
- The average income of a New Kent (zip 23124) resident is $31,037 a year. The US average is $28,555 a year.
- The Median household income of a New Kent (zip 23124) resident is $111,406 a year. The US average is $69,021 a year.