Zip 23188 (Williamsburg, VA) Economy


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Williamsburg, VA is an attractive city that offers plenty of local companies and attractions. It boasts an array of commercial businesses, including local restaurants, retail stores, shopping malls and more. The average cost for rent for a two bedroom apartment in Williamsburg is $1,470 which is slightly higher than the US average of $1,430. Grocery costs are also relatively high with the Grocery Cost Index in Williamsburg being 101 versus 100 in the US. One of the major attractions in Williamsburg is Colonial Williamsburg which is a living-history museum featuring restored 18th century buildings. Also popular among locals and visitors alike is Busch Gardens Williamsburg which features thrill rides, shows and more. For those looking for a unique experience in Williamsburg should check out Waller Mill Park which features trails ideal for biking or walking along with fishing spots and playgrounds.

Williamsburg (zip 23188) has an unemployment rate of 6.4%. The US average is 6.0%.

Williamsburg (zip 23188) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Williamsburg (zip 23188)
- The Sales Tax Rate for Williamsburg (zip 23188) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Williamsburg (zip 23188) 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 Williamsburg (zip 23188)
- The average income of a Williamsburg (zip 23188) resident is $37,285 a year. The US average is $28,555 a year.
- The Median household income of a Williamsburg (zip 23188) resident is $91,911 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWilliamsburg, VirginiaUnited States
  6.46
  -5.8%-6.2%
  34.0%33.5%
  7.0%6.2%
  5.8%4.6%
  $45,337$37,638
  $91,911$69,021
  $109,732$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  6.2%6.8%
  6.6%10.0%
  2.6%2.5%
  11.2%11.0%
  3.1%4.8%
  0.8%0.8%
  0.5%1.9%
  4.7%4.7%
  1.5%1.9%
  8.0%7.6%
  0.1%0.1%
  3.1%4.2%
  12.4%9.3%
  13.6%14.0%
  4.9%2.1%
  8.4%7.0%
  4.5%4.8%
  7.5%4.7%
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