Zip 23480 (Wachapreague, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Virginia / No Metro Area / Accomack County / Wachapreague / Wachapreague (zip 23480)
23480 Wachapreague, VA is a great place to live for those looking for a peaceful and cost-effective lifestyle. The average 2 bedroom rent in the area is $1,080 compared to the U.S. average of $1,430, making it an affordable place to call home. Furthermore, the Grocery Cost Index in 23480 Wachapreague is 94 compared to 100 in the U.S., which means that groceries are even more affordable. There are many local attractions such as Chincoteague National Wildlife Refuge and The Island Theatre where residents can take part in recreational activities and enjoy local entertainment. If you're looking for a job then there's no shortage of employers in 23480 Wachapreague including Chincoteague Shellfish Company, Smith Fish Market, Shipwreck Golf & Bar and Miss Molly's Restaurant & Bar. Whatever your needs may be, 23480 Wachapreague has something to offer everyone!

Wachapreague (zip 23480) has an unemployment rate of 6.1%. The US average is 6.0%.

Wachapreague (zip 23480) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Wachapreague (zip 23480)
- The Sales Tax Rate for Wachapreague (zip 23480) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Wachapreague (zip 23480) 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 Wachapreague (zip 23480)
- The average income of a Wachapreague (zip 23480) resident is $20,429 a year. The US average is $28,555 a year.
- The Median household income of a Wachapreague (zip 23480) resident is $44,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWachapreague, VirginiaUnited States
  6.16
  -6.9%-6.2%
  30.2%33.5%
  5.3%6.2%
  5.8%4.6%
  $29,332$37,638
  $44,063$69,021
  $58,125$85,028
  Population by Occupation
  5.2%1.2%
  0.0%0.5%
  3.1%6.8%
  2.1%10.0%
  7.3%2.5%
  15.6%11.0%
  31.3%4.8%
  0.0%0.8%
  2.1%1.9%
  0.0%4.7%
  0.0%1.9%
  3.1%7.6%
  0.0%0.1%
  6.3%4.2%
  6.3%9.3%
  1.0%14.0%
  2.1%2.1%
  2.1%7.0%
  9.4%4.8%
  3.1%4.7%
Health