West Point, VA is a small town located in King William County with a population of just over 1,500. This charming town is home to some great local businesses such as West Point Veterinary Clinic, West Point Automotive, and the River Marketplace. The cost of living here is quite reasonable when compared to the national average. The average two bedroom rent in West Point is $1,160 whereas the US average for two bedroom rent is $1,430, and the grocery cost index in West Point is 97 which compares favorably to 100 in the US. Additionally, local taxes here are relatively low so you can expect to get greater value for the money you spend on local services and goods.
West Point (zip 23181) has an unemployment rate of 4.7%. The US average is 6.0%.
West Point (zip 23181) 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 34.9%, which is higher than the US average of 33.5%.
Tax Rates for West Point (zip 23181)
- The Sales Tax Rate for West Point (zip 23181) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for West Point (zip 23181) 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 West Point (zip 23181)
- The average income of a West Point (zip 23181) resident is $27,265 a year. The US average is $28,555 a year.
- The Median household income of a West Point (zip 23181) resident is $81,824 a year. The US average is $69,021 a year.