Zip 20197 (Waterford, VA) Economy


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Waterford, VA is a vibrant town located in the northeast corner of Loudoun County. The town has many amenities and attractions, such as two major shopping centers, Waterford Valley Mall and Waterford Commons. It's also home to numerous local businesses like City Hall Café, Outback Steakhouse, and Waterford Wine & Spirits. The average 2 bedroom rent in this area is $1,790 while the national average for 2 bedrooms is $1,430. Furthermore, the grocery cost index in Waterford is 117 compared to the national index of 100. These figures make this city an attractive option for those looking for affordability and convenience.

Waterford (zip 20197) has an unemployment rate of 4.1%. The US average is 6.0%.

Waterford (zip 20197) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 43.0%, which is higher than the US average of 33.5%.

Tax Rates for Waterford (zip 20197)
- The Sales Tax Rate for Waterford (zip 20197) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Waterford (zip 20197) 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 Waterford (zip 20197)
- The average income of a Waterford (zip 20197) resident is $76,658 a year. The US average is $37,638 a year.
- The Median household income of a Waterford (zip 20197) resident is $206,546 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaterford, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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