Fairfax County · Virginia · South · 15k residents
Great Falls, VA: economy, jobs & business costs
The site-selection read on Great Falls: labor costs, talent, corporate tax, energy, and business activity, with the Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $2,211/wk. Virginia's corporate income tax rate is 6%. Commercial electricity averages 8.7¢/kWh.
Compare Great Falls side by side
Avg. weekly wage
$2,211/wk
Corporate income tax
6%
Bachelor's degree or higher
85.3%
Commercial electricity
8.7¢/kWh
Economic momentum
How fast Great Falls's economy is moving, ranked against the US cities we track.
28/100
Cooling
Ranks Great Falls's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $1,411,000 |
| Price per sq. ft. | $220 |
| Property tax rate | 0.87% |
| 1-bedroom rent | $3,501/mo |
| 2-bedroom rent | $4,201/mo |
| State & local income tax | 4.36% |
| Sales tax | 5.75% |
| Corporate income tax | 6% |
| Avg. weekly wage | $2,211/wk |
| Bachelor's degree or higher | 85.3% |
| Commercial electricity | 8.7¢/kWh |
| Businesses per 1k residents | 33.4/1k |
| Wage: Software developer | $154,930 |
| Wage: Registered nurse | $102,710 |
| Wage: General manager | $156,460 |
| Wage: Customer service | $46,220 |
| Wage: Warehouse worker | $37,870 |
| Wage: Heavy truck driver | $59,820 |
| Wage: Electrician | $75,930 |
| Wage: Retail salesperson | $36,610 |
| Cost of living index | 198 |
| Groceries index | 100 |
| Utilities | $175/mo |
| Transit pass | $70/mo |
| Gas price | $3.15/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,250/mo |
| Median household income | $250,001 |
| Unemployment rate | 2.9% |
| Population | 15k |
| Crime index | 32/100 |
| School rating | 6.8/10 |
| Walkability | 30/100 |
| Disaster risk | 95/100 |
| Avg. commute | 28 min |
| Sunny days / year | 210 days |
| July high | 84°F |
| January low | 23°F |
| Annual snowfall | 19 in |
| Home price YoY | -1.2% |
| Home price MoM | 0.0% |
| Rent YoY | — |
| Rent MoM | +1.4% |
| Employment (jobs) YoY | -0.3% |
| Building permits YoY | — |
| Ocean coast | 121 mi |
| Big lake | 173 mi |
| Mountains | 64 mi |
| Major airport | 9 mi |
| Ski resort | 87 mi |
Popular comparisons
Nearby
- Reston, VA · 64k
- Herndon, VA · 25k
- Wolf Trap, VA · 16k
- Sterling, VA · 32k
- McNair, VA · 23k
Similar size
- East Highland Park, VA · 15k
- Front Royal, VA · 15k
- Williamsburg, VA · 16k
- Vienna, VA · 16k
- Stone Ridge, VA · 17k
Real listings in Great Falls
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Great Falls a good place to run a business?
- Virginia's corporate income tax rate is 6%; average weekly wages in the surrounding labor market run $2,211/wk; commercial electricity averages 8.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Great Falls, VA?
- Great Falls indexes at 198 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $4,201/mo and a acs median home value of $1,411,000.
- How much does a house cost in Great Falls?
- The acs median home value in Great Falls is $1,411,000 (Census ACS estimate; individual listings vary).
- How much is rent in Great Falls?
- A two-bedroom in Great Falls rents for about $4,201/mo.