Rocky Mount, VA is a small town located in the south of Virginia. With a population of around 8,000 people, this community is an ideal place for those seeking a peaceful and relaxing lifestyle. The town is known for its low cost of living, with rental costs being significantly lower than the national average of $1,430. It also boasts a Grocery Cost Index of 96 compared to the national average.
Residents of Rocky Mount can take advantage of many local businesses and services that have been established in the area. Businesses such as Rockymount Hardware & Lumber, Rocky Mount Carpet Center and Rocky Mount Cleaners offer a variety of options for those looking to maintain their property or get their clothing cleaned. Additionally, there are many banks in the area offering banking services such as Bank Of America and SunTrust Bank. Rocky Mount is also home to various eateries including Serrano's Mexican Restaurant and El Charro Avitia Mexican Food Truck providing delicious food for locals and visitors alike.
Rocky Mount has an unemployment rate of 4.8%. The US average is 6.0%.
Rocky Mount has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Rocky Mount
- The Sales Tax Rate for Rocky Mount is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Rocky Mount 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 Rocky Mount
- The average income of a Rocky Mount resident is $20,943 a year. The US average is $28,555 a year.
- The Median household income of a Rocky Mount resident is $53,299 a year. The US average is $69,021 a year.