23964 Red Oak, VA is an ideal place to live for families and singles alike. The affordable two-bedroom rent of $790 makes it a great option for people looking to save money. The grocery cost index is 94, meaning it is 6 points lower than the US average of 100. This lower cost of living combined with its proximity to local companies and locations make 23964 Red Oak, VA an attractive place to call home. In town, you can find places such as First National Bank, Anderson Grocery Store, and the local library. Additionally, nearby cities like Richmond and Roanoke offer plenty of businesses and attractions that are only a short drive away.
Red Oak (zip 23964) has an unemployment rate of 5.2%. The US average is 6.0%.
Red Oak (zip 23964) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Red Oak (zip 23964)
- The Sales Tax Rate for Red Oak (zip 23964) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Red Oak (zip 23964) 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 Red Oak (zip 23964)
- The average income of a Red Oak (zip 23964) resident is $23,582 a year. The US average is $37,638 a year.
- The Median household income of a Red Oak (zip 23964) resident is $42,800 a year. The US average is $69,021 a year.