Craigsville, WV is a small town located in Nicholas County with a population of 332. It is known for its affordable cost of living and lower than average rent prices. The average 2 bedroom rent in Craigsville is $660 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Craigsville is 96 versus 100 in the US. While Craigsville has a few large companies like Appalachian Power and Elkins Construction, there are also many small local businesses like J&R Lumber, Benson’s Grocery Store, and McDaniels Auto Parts that serve to enrich the local economy and community.
Craigsville has an unemployment rate of 7.0%. The US average is 6.0%.
Craigsville has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Craigsville
- The Sales Tax Rate for Craigsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Craigsville 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 Craigsville
- The average income of a Craigsville resident is $14,871 a year. The US average is $28,555 a year.
- The Median household income of a Craigsville resident is $43,202 a year. The US average is $69,021 a year.