Zip 23890 (Waverly, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
23890 Waverly, VA is a vibrant community located in the heart of Virginia. It is an ideal location for those looking for an economical place to live while still remaining relatively close to the cities of Richmond and Newport News. The 2 Bedroom Rent in 23890 Waverly, VA is $1,180 which is much lower than the US average of $1,430 and the Grocery Cost Index here is 96 compared to 100 in the US making it even more affordable.
The city has many attractions such as Fort Lee Military Base, Petersburg National Battlefield and Pamplin Historical Park. There are also numerous restaurants and shops including local favorites like Martin's Bar-B-Que Joint, Beach Tree Restaurant & Bar, and O'Charley's Restaurant & Bar. Other popular points of interest include Swift Creek Mill Theatre and Riverside Center Dinner Theatre.

Waverly (zip 23890) has an unemployment rate of 8.4%. The US average is 6.0%.

Waverly (zip 23890) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Waverly (zip 23890)
- The Sales Tax Rate for Waverly (zip 23890) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Waverly (zip 23890) 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 Waverly (zip 23890)
- The average income of a Waverly (zip 23890) resident is $16,565 a year. The US average is $28,555 a year.
- The Median household income of a Waverly (zip 23890) resident is $75,205 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWaverly, VirginiaUnited States
  8.46
  -4.9%-6.2%
  20.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $29,650$37,638
  $75,205$69,021
  $72,563$85,028
  Population by Occupation
  4.9%1.2%
  0.6%0.5%
  5.5%6.8%
  15.6%10.0%
  0.9%2.5%
  8.0%11.0%
  4.7%4.8%
  5.8%0.8%
  0.0%1.9%
  0.3%4.7%
  2.1%1.9%
  1.7%7.6%
  0.0%0.1%
  5.3%4.2%
  12.6%9.3%
  11.3%14.0%
  0.0%2.1%
  7.9%7.0%
  6.6%4.8%
  6.1%4.7%
Health