Floyd, VA County is a small town located in the Blue Ridge Mountains in Virginia. It is known for its scenic views and friendly local community. The cost of living in Floyd is lower than the US average, with two bedroom rent totaling $790 compared to $1,430 across the country. Grocery costs are also lower with an index score of 95 versus 100 in the US. There are several local businesses that make up the economy of Floyd such as Floyd Auto Parts, Sunflower Bakery & Coffeehouse, and Country Store Antiques. Tourists come to visit local hot spots like The Station at Floyd Country Store and Chateau Morrisette Winery & Restaurant. Floyd is a great place to live if you want to enjoy good views while saving money on housing and groceries!
Floyd County has an unemployment rate of 4.4%. The US average is 6.0%.
Floyd County has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Floyd County
- The Sales Tax Rate for Floyd County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Floyd County 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 Floyd County
- The average income of a Floyd County resident is $22,805 a year. The US average is $28,555 a year.
- The Median household income of a Floyd County resident is $51,612 a year. The US average is $69,021 a year.