Hillsville, Virginia is a small town in southwestern Virginia known for its peaceful atmosphere. Hillsville is home to many local businesses, such as the Hill Country Inn and numerous family-run restaurants and shops. The cost of living is lower than the US average –2 bedroom rent in Hillsville is $780 compared to $1,430 for the US, and grocery cost index is 94 versus 100 in the US. Although rent in Hillsville may be slightly lower than other locations, it remains an affordable and comfortable place to call home.
Hillsville has an unemployment rate of 5.4%. The US average is 6.0%.
Hillsville has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Hillsville
- The Sales Tax Rate for Hillsville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hillsville 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 Hillsville
- The average income of a Hillsville resident is $20,695 a year. The US average is $28,555 a year.
- The Median household income of a Hillsville resident is $56,818 a year. The US average is $69,021 a year.