Patrick Springs, VA is a small town with an estimated population of 545 people as of 2018. It is approximately 18 miles away from the larger city of Martinsville. The 2 bedroom rent in Patrick Springs, VA is much lower than the US average at $790 compared to $1,430. This makes it an attractive area for families looking to save on costs while still having great access to amenities and entertainment venues. Along with this affordable rent comes a Grocery Cost Index that is just 94 compared to 100 in the US, so shoppers can get more bang for their buck when buying groceries.
The town has amenities such as restaurants like La Poblanita Mexican Restaurant and Roadside BBQ & Grill, or places of leisure like Paramount Cinema 8 and Patrick County Veterans Memorial Park for outdoor activities and picnics. There are also plenty of local businesses in the area providing a variety of services such as auto repair shops like Mayberry’s Garage and Stuart Auto Repair, supermarkets such as Piggly Wiggly grocery store, and beauty salons such as Dolly’s Hair Care Salon or Charisma Beauty Salon & Spa. With its low cost of living and numerous attractions, Patrick Springs is an ideal place for families or young adults looking for a peaceful life away from the hustle and bustle of city life.
Patrick Springs has an unemployment rate of 6.0%. The US average is 6.0%.
Patrick Springs has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Patrick Springs
- The Sales Tax Rate for Patrick Springs is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Patrick Springs 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 Patrick Springs
- The average income of a Patrick Springs resident is $24,002 a year. The US average is $28,555 a year.
- The Median household income of a Patrick Springs resident is $52,262 a year. The US average is $69,021 a year.