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Economy in Groveton, Virginia

Overview, People, Health, Economy, Housing, Rankings, Crime
Climate, Education, Transportation, Cost of Living, Religion, Voting

Economy
EconomyGroveton, VAUnited States
Unemployment Rate4.50%9.10%
Recent Job Growth0.51%-0.12%
Future Job Growth36.52%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income per Cap.$36,737$27,067
Household Income$78,882$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K5.11%12.10%
Income between 15K and 25K5.66%10.18%
Income between 25K and 35K5.42%10.56%
Income between 35K and 50K10.86%14.98%
Income between 50K and 75K20.44%19.53%
Income between 75K and 100K16.67%12.52%
Income between 100K and 150K20.02%12.14%
Income between 150K and 250K9.16%3.91%
Income between 250K and 500K5.96%3.34%
Income greater than 500K0.70%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations17.79%13.81%
Professional and Related Occupations27.82%22.68%
Service15.96%14.51%
Sales and Office21.54%25.22%
Farming, Fishing, and Forestry0.07%0.68%
Construction, Extraction, and Maintenance10.04%9.37%
Production, Transportation, and Material Moving11.08%15.86%
Median Household Income

The unemployment rate in Groveton, VA, is 4.50%, with job growth of 0.51%. Future job growth over the next ten years is predicted to be 36.52%.

Groveton, VA Taxes

Groveton, VA,sales tax rate is 5.00%. Income tax is 5.75%.

Groveton, VA Income and Salaries

The income per capita is $36,737, which includes all adults and children. The median household income is $78,882.


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