Coal City, WV is a small town located in the southern part of the state. The town boasts a population of just over 1,000 people and offers a variety of amenities for residents. In terms of rent, 2 bedroom apartments in Coal City are much more affordable than the national average, at $810 per month versus the US average of $1,430. Grocery cost index in Coal City is 93 versus 100 in the US. The town's economy is driven by several local businesses such as Coal City Pharmacy, McMullin's Garage, and D&J Lumber Company. These companies provide jobs to many members of the community and serve as important sources of income for households.
Coal City has an unemployment rate of 6.4%. The US average is 6.0%.
Coal City has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Coal City
- The Sales Tax Rate for Coal City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coal City 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 Coal City
- The average income of a Coal City resident is $20,271 a year. The US average is $28,555 a year.
- The Median household income of a Coal City resident is $22,835 a year. The US average is $69,021 a year.