Zip 23434 (Suffolk, VA) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
23434 Suffolk, VA is a great place to live in. It offers many amenities and conveniences at an affordable price. The average rent for a two-bedroom apartment in 23434 Suffolk is $1,240 which is less than the US average of $1,430. Additionally, groceries are also more affordable compared to the national average as the Grocery Cost Index here is 97 versus 100 in the US.
Some of the popular local companies in this area include Trible Electric Co., Inc., A&N Corporation and Atlantic Bay Mortgage Group LLC. Residents can also enjoy delicious food from local restaurants such as K&M Grill and Barbecue and The Farmers Table Cafe & Market. There are also plenty of shopping options around town including Westgate Shopping Center and Southside Marketplace. Overall, 23434 Suffolk provides good value for money with its range of amenities and affordability.

Suffolk (zip 23434) has an unemployment rate of 5.7%. The US average is 6.0%.

Suffolk (zip 23434) 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 23434)
- The Sales Tax Rate for Suffolk (zip 23434) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Suffolk (zip 23434) 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 23434)
- The average income of a Suffolk (zip 23434) resident is $32,793 a year. The US average is $37,638 a year.
- The Median household income of a Suffolk (zip 23434) resident is $68,607 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySuffolk, VirginiaUnited States
  5.76
  -5.8%-6.2%
  35.2%33.5%
  6.0%6.2%
  5.8%4.6%
  $32,793$37,638
  $68,607$69,021
  $84,834$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  6.0%6.8%
  12.7%10.0%
  1.3%2.5%
  9.0%11.0%
  7.2%4.8%
  1.3%0.8%
  1.3%1.9%
  3.3%4.7%
  1.4%1.9%
  5.1%7.6%
  0.1%0.1%
  3.7%4.2%
  8.7%9.3%
  16.5%14.0%
  1.6%2.1%
  5.8%7.0%
  4.6%4.8%
  9.7%4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.