Cedar Grove, WV is a small town of approximately 1,000 people located in the bustling state of West Virginia. The cost of living is quite low compared to the US average, with two bedroom rent being around $840 and a grocery cost index of 94 versus 100 in the US. There are several local companies based in Cedar Grove, such as Sandridge Utilities and Market Street Groceries. The average salary is about $40,000 per year. Despite its small size, Cedar Grove has plenty to offer, from affordable housing to local businesses providing job opportunities.
Cedar Grove has an unemployment rate of 6.3%. The US average is 6.0%.
Cedar Grove has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Grove
- The Sales Tax Rate for Cedar Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Grove is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cedar Grove
- The average income of a Cedar Grove resident is $15,279 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Grove resident is $56,250 a year. The US average is $69,021 a year.