Troutville, Virginia is a small town located in Botetourt County. It offers its residents a rural lifestyle with plenty of outdoor activities to enjoy. With a population of just over 1,000 people, Troutville provides an ideal setting for families looking for a quiet place to raise children. Local businesses include Troutville Grocery Store, Troutville True Value Hardware & Home Center, and Bowman's Hardware. The cost of living in Troutville is relatively low compared to national averages. Rent for 2 bedrooms is $950 per month compared to the US average of $1,430 per month, and the grocery cost index is 100 versus 100 in the US overall. This makes it easier for families on a budget to live comfortably in Troutville.
Troutville has an unemployment rate of 4.0%. The US average is 6.0%.
Troutville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Troutville
- The Sales Tax Rate for Troutville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Troutville 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 Troutville
- The average income of a Troutville resident is $25,905 a year. The US average is $28,555 a year.
- The Median household income of a Troutville resident is $46,008 a year. The US average is $69,021 a year.