Suffolk, Virginia is a beautiful city located in southeastern Virginia. It is home to over 90,000 people and offers many attractions for visitors and residents alike. The cost of living in Suffolk is fairly low compared to the national average. 2 Bedroom rent will cost around $1,400, which is slightly lower than the US average of $1,430. Food costs are also low with the Grocery Cost Index at 101 versus 100 in the US.
The city has a vibrant economy that includes a variety of local companies such as Sentara Health Systems, Prudential Financial Services, and Dollar Tree Stores. Suffolk is also home to several universities including Old Dominion University and Norfolk State University. With its affordable housing prices, plethora of businesses and educational opportunities - Suffolk makes for an ideal place to live or visit.
Suffolk (zip 23432) has an unemployment rate of 5.7%. The US average is 6.0%.
Suffolk (zip 23432) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Suffolk (zip 23432)
- The Sales Tax Rate for Suffolk (zip 23432) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Suffolk (zip 23432) 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 Suffolk (zip 23432)
- The average income of a Suffolk (zip 23432) resident is $64,480 a year. The US average is $37,638 a year.
- The Median household income of a Suffolk (zip 23432) resident is $120,677 a year. The US average is $69,021 a year.