Vinton, VA is a small city located in Roanoke County with a population of 8,097 according to the 2019 US Census. The cost of living is lower than the national average – 2 bedroom rent is $890 compared to $1,430 nationally, and the Grocery Cost Index is 97 versus 100 in the US. Vinton is known for its friendly atmosphere and local businesses such as Red Lobster and McDonald's. Additionally, there are small businesses like Vinton Tire & Auto Service, Gossett Motorcars Inc., Advance Auto Parts and more. Overall, Vinton offers accessibility to local employment opportunities along with an affordable cost of living.
Vinton has an unemployment rate of 4.1%. The US average is 6.0%.
Vinton 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Vinton
- The Sales Tax Rate for Vinton is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Vinton 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 Vinton
- The average income of a Vinton resident is $23,425 a year. The US average is $28,555 a year.
- The Median household income of a Vinton resident is $56,829 a year. The US average is $69,021 a year.