Mount Hermon, VA is a small town located in the foothills of the Blue Ridge Mountains. This town is known for its stunning views and peaceful atmosphere. Residents of Mount Hermon enjoy access to plenty of outdoor activities such as hiking, fishing, and camping. The town also offers a variety of local businesses and restaurants. Some popular stores include the Mount Hermon General Store, Mount Hermon Hardware Store, and Mt. Hermon Home Center. For food lovers, notable restaurants are The Turnpike Inn and The Country Diner. In terms of housing, rent for 2 bedroom homes is significantly lower than national averages at $880 compared to $1,430 nationally; additionally grocery cost index in Mount Hermon is 92 compared to 100 nationally making living here more affordable than other parts of the country.
Mount Hermon has an unemployment rate of 5.1%. The US average is 6.0%.
Mount Hermon has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Hermon
- The Sales Tax Rate for Mount Hermon is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Mount Hermon 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 Mount Hermon
- The average income of a Mount Hermon resident is $26,430 a year. The US average is $28,555 a year.
- The Median household income of a Mount Hermon resident is $76,389 a year. The US average is $69,021 a year.