Wachapreague, Virginia is a charming, small fishing village on the Eastern Shore of Virginia. The cost of living is low compared to the national average - with two bedroom rent at $1,090 compared to $1,430 nationally and a Grocery Cost Index of 94 versus 100 in the US. This makes Wachapreague an appealing destination for those looking for a quieter place to live or spend time. Visitors can enjoy fresh seafood from local businesses such as Fisherman's Folly Seafood Market & Grill, Jarvis Creek Oyster Farm, or Cowboy's Crab House. There are also plenty of outdoor activities such as bird watching, fishing charters, and kayaking tours along the Chesapeake Bay National Estuarine Research Reserve.
Wachapreague has an unemployment rate of 6.1%. The US average is 6.0%.
Wachapreague has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Wachapreague
- The Sales Tax Rate for Wachapreague is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Wachapreague is 5.8%. The US average is 4.6%.
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Income and Salaries for Wachapreague
- The average income of a Wachapreague resident is $33,084 a year. The US average is $37,638 a year.
- The Median household income of a Wachapreague resident is $48,846 a year. The US average is $69,021 a year.