Dungannon, VA is a small town located in Southwest Virginia with a population of around 500 people. It is best known for its rich agricultural history, and its relaxed rural lifestyle. Rent for two-bedroom homes in the area are much lower than the national average at just $770 per month. The Grocery Cost Index in Dungannon is 91 compared to 100 nationally, making it an affordable place to live. Local businesses include the upscale restaurant Valley View Country Club which serves American cuisine and has been in operation since 1933, as well as Olde Towne General Store, which sells unique gifts and apparel. \nFor those looking for an affordable and laid-back lifestyle away from the hustle and bustle of city living, Dungannon is an excellent option. With low cost of living, beautiful scenery and friendly locals it offers many advantages that larger cities cannot provide.
Dungannon has an unemployment rate of 4.5%. The US average is 6.0%.
Dungannon has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Dungannon
- The Sales Tax Rate for Dungannon is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Dungannon 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 Dungannon
- The average income of a Dungannon resident is $14,814 a year. The US average is $28,555 a year.
- The Median household income of a Dungannon resident is $30,221 a year. The US average is $69,021 a year.