Modest Town, VA is a great place to live with a lower cost of living than many other places. The average two bedroom rent in Modest Town is $810 compared to the nationwide average of $1,430. Groceries are also cheaper in Modest Town with a grocery cost index 93 versus the national index of 100. Local businesses such as John's Auto Repair and Mary's Diner provide quality services at an affordable price. With its low cost of living, Modest Town is an ideal place for people looking for a home that won't break their budget.
Modest Town has an unemployment rate of 6.1%. The US average is 6.0%.
Modest Town has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Modest Town
- The Sales Tax Rate for Modest Town is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Modest Town 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 Modest Town
- The average income of a Modest Town resident is $24,568 a year. The US average is $28,555 a year.
- The Median household income of a Modest Town resident is $121,953 a year. The US average is $69,021 a year.