23456 Virginia Beach, VA is a great place to live due to its bustling economy and diverse set of businesses. The city has many recognizable companies such as Dollar Tree, Inc., Sentara Healthcare, and Memorial Health Systems. The area also boasts a wide range of restaurants and entertainment venues for residents to enjoy. The cost of living in 23456 Virginia Beach is generally higher than the national average with a two bedroom rent costing $2,000 compared to $1,430 nationally. Grocery costs are also higher in the area with an index of 103 compared to 100 nationally. This indicates that groceries may be slightly more expensive than elsewhere in the country. Despite this, it is still an affordable place to live due to its steady job market and thriving industries.
Virginia Beach (zip 23456) has an unemployment rate of 4.8%. The US average is 6.0%.
Virginia Beach (zip 23456) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Virginia Beach (zip 23456)
- The Sales Tax Rate for Virginia Beach (zip 23456) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Virginia Beach (zip 23456) 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 Virginia Beach (zip 23456)
- The average income of a Virginia Beach (zip 23456) resident is $34,738 a year. The US average is $28,555 a year.
- The Median household income of a Virginia Beach (zip 23456) resident is $115,788 a year. The US average is $69,021 a year.