Newport News, Virginia is a great place to live because of its affordable rental costs and cost of living. The average 2 bedroom rent in Newport News is $1,060 compared to the average national rate of $1,430 making it more affordable to live here. The local grocery cost index is 94 compared to the national index of 100, further demonstrating how inexpensive it can be to live in Newport News.
There are many great local businesses and companies that make living in Newport News even more desirable. Some examples are Ferguson Enterprises Inc., Clark Nexsen, Visiting Angels Living Assistance Services, and Trade Street Consulting.
If you are looking for some decorating tips for your Newport News home there are many ways to go about it on a budget. One tip would be to look for items at thrift stores or second hand shops as these places often have unique pieces and decorations that won't break the bank. Additionally, investing in multi-use furniture can help save space while still providing all the furnishings necessary for any room.
Newport News (zip 23607) has an unemployment rate of 7.2%. The US average is 6.0%.
Newport News (zip 23607) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Newport News (zip 23607)
- The Sales Tax Rate for Newport News (zip 23607) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newport News (zip 23607) 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 Newport News (zip 23607)
- The average income of a Newport News (zip 23607) resident is $16,232 a year. The US average is $28,555 a year.
- The Median household income of a Newport News (zip 23607) resident is $31,231 a year. The US average is $69,021 a year.