Zip 23803 (Petersburg, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Petersburg, VA (ZIP Code 23803) is a city in central Virginia with an estimated population of 32,242. It has a surprisingly low 2 bedroom rent rate of $1,170 compared to the US average of $1,430. Petersburg also has a lower Grocery Cost Index of 95 compared to 100 nationwide. There are several companies that have locations in Petersburg such as Walmart, Dollar General, McDonald's and Burger King. Additionally, there are several smaller businesses that can be found in the area such as The Cheese Shop and Doc's Place Bar & Grill. The area includes amenities such as public parks for outdoor activities, restaurants for dining out and shopping centers for convenience all within easy access from the city center.

Petersburg (zip 23803) has an unemployment rate of 12.9%. The US average is 6.0%.

Petersburg (zip 23803) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.

Tax Rates for Petersburg (zip 23803)
- The Sales Tax Rate for Petersburg (zip 23803) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Petersburg (zip 23803) 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 Petersburg (zip 23803)
- The average income of a Petersburg (zip 23803) resident is $20,338 a year. The US average is $28,555 a year.
- The Median household income of a Petersburg (zip 23803) resident is $49,302 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPetersburg, VirginiaUnited States
  12.96
  -5.7%-6.2%
  26.9%33.5%
  5.3%6.2%
  5.8%4.6%
  $26,265$37,638
  $49,302$69,021
  $57,315$85,028
  Population by Occupation
  0.4%1.2%
  0.2%0.5%
  7.3%6.8%
  10.5%10.0%
  1.5%2.5%
  12.6%11.0%
  4.5%4.8%
  0.4%0.8%
  1.3%1.9%
  3.1%4.7%
  1.2%1.9%
  3.9%7.6%
  0.0%0.1%
  4.5%4.2%
  9.6%9.3%
  16.9%14.0%
  1.7%2.1%
  8.2%7.0%
  5.1%4.8%
  7.2%4.7%
Health