ZIP Code 23298

In ZIP code 23298, which covers part of Richmond, per-capita income stands at $6,006, a figure that shapes nearly every spending decision households here face. County property taxes run at an effective rate of 0.89%, so a home's assessed value translates into a yearly bill that comes straight out of a tight earnings base. Add the 6.00% combined sales tax on everyday purchases, and each dollar stretches less far. With income this limited, housing costs and consumption taxes together consume a large share of what people bring in, leaving little slack for savings or unexpected expenses.