Chesapeake, West Virginia, with a population of 2,325 is an ideal place for anyone looking for a small-town feel with the amenities of a larger city. The two bedroom rent in Chesapeake is $870 which is much lower than the US average of $1,430. Furthermore, the cost of groceries in Chesapeake is also quite low as the Grocery Cost Index stands at 96 versus 100 in the US. This makes Chesapeake an affordable option compared to most cities in America. Many local companies are located throughout Chesapeake such as Precision Machining Inc., Fat Daddy's Pizza & Subs, and Mr. Appliance of Ohio Valley. These companies provide employment opportunities to many people living in the area and offer competitive wages to attract new employees. With its cost of living being significantly cheaper than other parts of the US, it is easy to see why many people are choosing to call Chesapeake their home.
Chesapeake (zip 25315) has an unemployment rate of 6.3%. The US average is 6.0%.
Chesapeake (zip 25315) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Chesapeake (zip 25315)
- The Sales Tax Rate for Chesapeake (zip 25315) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesapeake (zip 25315) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Chesapeake (zip 25315)
- The average income of a Chesapeake (zip 25315) resident is $22,714 a year. The US average is $37,638 a year.
- The Median household income of a Chesapeake (zip 25315) resident is $44,238 a year. The US average is $69,021 a year.