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2024 Compare Cities Economy:
Monterey, VA vs Hot Springs, VA

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Highlights
- Household income in Hot Springs, is 9% less than it is in Monterey and is 42% below the National Average.
- Monterey unemployment rate is 4.2%.
- Hot Springs unemployment rate is 6.9%.

Economy
 Monterey, VAHot Springs, VAUnited States
 Unemployment Rate4.2%6.9%6.0%
 Recent Job Growth-0.4%0.6%1.6%
 Future Job Growth10.8%22.1%33.5%
 Sales Taxes5.3%5.3%6.2%
 Income Taxes5.8%5.8%4.6%
 Income per Cap.$46,542$26,909$37,638
 Household Income$53,411$48,558$69,021
 Family Median Income$71,250$108,060$85,028
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 Est. Households By Income
 Monterey, VAHot Springs, VAUnited States
 Income Less Than 15K2.3%29.4%9.4%
 Income between 15K and 20K4.7%0.0%3.8%
 Income between 20K and 30K0.0%8.6%8.1%
 Income between 30K and 40K20.9%9.5%8.0%
 Income between 40K and 50K0.8%5.9%7.6%
 Income between 50K and 60K45.0%13.1%7.2%
 Income between 60K and 75K8.5%2.3%9.6%
 Income between 75K and 100K7.0%0.0%12.8%
 Income between 100K and 150K10.1%26.2%16.3%
 Income between 150K and 200K0.0%0.0%7.8%
 Income greater than 200K0.8%5.0%9.5%
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 Population By Occupation
 Monterey, VAHot Springs, VAUnited States
 Management, business, finance29.5%37.5%16.4%
 Engineering, computers, science0.0%6.0%6.5%
 Community, social services11.4%0.0%1.8%
 Legal0.0%0.0%1.2%
 Education, library2.3%0.0%6.2%
 Arts, design, media, sports, entertainment0.0%0.0%2.0%
 Healthcare practitioners and technology11.4%4.8%6.2%
 Healthcare support2.3%8.4%3.3%
 Firefighters, law enforcement22.7%0.0%2.1%
 Food preparation, serving6.8%0.0%5.4%
 Building maintenance2.3%0.0%3.6%
 Personal care0.0%0.0%2.6%
 Sales, office, administrative support2.3%29.9%20.9%
 Farming, fishing, forestry0.0%6.0%0.6%
 Construction, extraction, maintenance/repair6.8%0.0%8.1%
 Production, transportation, material moving2.3%7.6%13.1%

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ZIPS IN MONTEREY, VIRGINIA
24465
ZIPS IN HOT SPRINGS, VIRGINIA
24445

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