Timberville, VA is a small town in the Shenandoah Valley that is an excellent place for families and individuals looking for a more affordable cost of living. The average 2 bedroom rent in Timberville is $950 whereas the US average rent rate is $1430. Additionally, the grocery cost index in Timberville is 96 versus 100 for the US which shows that groceries are comparatively cheaper. There are many local businesses in Timberville such as Hopkins Market, Ravenwood Hardware, Kountry Korner Market, and Smiths Butcher shop that offer goods and services to the community at reasonable prices.
Timberville has an unemployment rate of 4.0%. The US average is 6.0%.
Timberville has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Timberville
- The Sales Tax Rate for Timberville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Timberville 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 Timberville
- The average income of a Timberville resident is $22,519 a year. The US average is $28,555 a year.
- The Median household income of a Timberville resident is $52,411 a year. The US average is $69,021 a year.