Mechanicsville, Virginia is a small town located in Hanover County. It is home to just over 23,111 residents according to recent population estimates. Mechanicsville has many amenities for residents to enjoy such as the historic Rural Hill Mansion and a variety of local parks. The town also has a number of major employers including Dominion Energy, BAE Systems, and Capital One Financial Corporation. The cost of living in Mechanicsville is slightly less than the national average with rent for two-bedroom apartments being around $1,430 per month. Grocery costs are slightly lower compared to the US index at 99 versus 100. All in all, Mechanicsville is an affordable place to call home with plenty of attractions and job opportunities for its residents.
Mechanicsville (zip 23111) has an unemployment rate of 3.9%. The US average is 6.0%.
Mechanicsville (zip 23111) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Mechanicsville (zip 23111)
- The Sales Tax Rate for Mechanicsville (zip 23111) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Mechanicsville (zip 23111) is 5.8%. The US average is 4.6%.
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Income and Salaries for Mechanicsville (zip 23111)
- The average income of a Mechanicsville (zip 23111) resident is $43,007 a year. The US average is $37,638 a year.
- The Median household income of a Mechanicsville (zip 23111) resident is $82,854 a year. The US average is $69,021 a year.