In a recent Forbes Magazine national survey, Winchester, VA ranked 53 in the best small city for doing business. The survey included 200 of the largest metropolitan areas and 184 smaller communities. There were numerous criteria in the survey that Forbes used in their review. Job growth was one of the factors. Winchester has seen a jump in job creation by 1.7%. The local unemployment rate is 5.2% with the median income at $50,712.
Cost of living for both business and individuals, as well as income growth and education levels were also included in the survey. The Winchester cost of living is approximately 5% lower than the nation average. When it comes to education, 84% of residents have a high school diploma, 24% have gone to college and another 8.4% have graduate degrees.
Winchester is just a reflection of Virginia as a whole. CNBC ranked Virginia as the fifth best state to do business. The good news keeps coming for the Winchester, VA area. Companies, such as Navy Federal Credit Union, have not only moved to Winchester, but they continue to expand. Family Dollar and Home Depot have large distribution centers in the Winchester area, and dozens of other companies have decided to locate here. Doing business in Winchester is good for the bottom line, and the people are great too!