Zip 23176 (Wake, VA) Economy


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United States / Virginia / No Metro Area / Middlesex County / No City / Wake (zip 23176)
Wake, Virginia (23176) is a small town located in VA with an estimated population of 2,852. It is known for its affordable living costs and amenities, such as the 2 Bedroom Rent which averages $1,060 compared to the US average of $1,430. Additionally, Grocery Cost Index in Wake is 96 versus 100 in the US. Companies located in Wake include Virginians Realty & Investment Co., Carilion Clinic, Smith Mountain Homes LLC., and Bernard Heating & Air Conditioning Inc. With its convenient location and attractive cost of living, Wake is a great place to live or start a business.

Wake (zip 23176) has an unemployment rate of 4.6%. The US average is 6.0%.

Wake (zip 23176) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.

Tax Rates for Wake (zip 23176)
- The Sales Tax Rate for Wake (zip 23176) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Wake (zip 23176) 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 Wake (zip 23176)
- The average income of a Wake (zip 23176) resident is $22,618 a year. The US average is $28,555 a year.
- The Median household income of a Wake (zip 23176) resident is $66,512 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWake, VirginiaUnited States
  4.66
  -5.7%-6.2%
  38.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $43,451$37,638
  $66,512$69,021
  $67,238$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  22.8%10.0%
  0.0%2.5%
  3.5%11.0%
  0.0%4.8%
  5.3%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  21.1%4.2%
  13.2%9.3%
  34.2%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
Health