Ivy, VA is a small town with a population of around 5,000 people. It is located in the foothills of the Blue Ridge Mountains in Virginia. It has become a popular destination for people looking for a quiet and peaceful place to live, as well as those looking for recreational activities. The cost of living is quite reasonable, with 2 bedroom rent averaging $1490 compared to $1430 in the US on average. Grocery costs are also comparable here at an index of 102 versus 100 in the US. There are plenty of companies operating locally such as Ivy Valley Hardware and Piedmont Pest Control that serve the local community's needs. Tourists can enjoy outdoor activities like hiking in nearby Jefferson National Forest or visiting several nearby vineyards such as Chateau Morrisette Winery. With its convenient location near Roanoke and Lynchburg, Ivy, VA is an excellent place to both live and visit!
Ivy has an unemployment rate of 4.3%. The US average is 6.0%.
Ivy has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.
Tax Rates for Ivy
- The Sales Tax Rate for Ivy is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Ivy 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 Ivy
- The average income of a Ivy resident is $49,874 a year. The US average is $28,555 a year.
- The Median household income of a Ivy resident is $164,032 a year. The US average is $69,021 a year.