Bluefield, VA is a vibrant and welcoming community located in the Appalachian Mountains. The cost of renting a two bedroom apartment is significantly lower than the national average, making it an attractive option for those looking for affordable housing. The cost of living is also low with a Grocery Cost Index that is 94 compared to the US average of 100.
Bluefield, VA is home to many local businesses including M&G Industries Inc., an industrial equipment supplier; Bluefield College, a four-year private college; and Nuttall Gear Company, a manufacturer of large custom gears. Other businesses such as restaurants, grocery stores, convenience stores, banks, and retail stores all contribute to the local economy.
Bluefield has an unemployment rate of 6.3%. The US average is 6.0%.
Bluefield has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Bluefield
- The Sales Tax Rate for Bluefield is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bluefield is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bluefield
- The average income of a Bluefield resident is $28,145 a year. The US average is $28,555 a year.
- The Median household income of a Bluefield resident is $57,895 a year. The US average is $69,021 a year.