Grafton, WV is a small city located in Taylor County in West Virginia. The city has a population of 5,164 people according to the last census. Grafton is situated near Tygart Lake State Park and Grafton National Cemetery and features many outdoor activities. The cost of living in Grafton is more affordable than the US average as the 2 bedroom rent here is $1,060 compared to $1,430 nationally. Additionally, grocery costs are lower in Grafton with an index of 96 versus 100 for the US. Popular local companies include Valley Health Systems and Main Street Bank which are both great employers located in Grafton. Other notable landmarks include Hazlett Memorial Library and the Stonewall Jackson Memorial Park which provides recreational activities for residents throughout the year.
Grafton has an unemployment rate of 5.5%. The US average is 6.0%.
Grafton has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Grafton
- The Sales Tax Rate for Grafton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grafton 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 Grafton
- The average income of a Grafton resident is $16,021 a year. The US average is $28,555 a year.
- The Median household income of a Grafton resident is $34,726 a year. The US average is $69,021 a year.