Inwood, WV Economy


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Inwood, WV is a small city located in Berkeley County. It offers an affordable cost of living with two bedroom apartments renting at an average of $1,210 compared to the US average of $1,430. Additionally, groceries can be purchased for 5% less than the national average in Inwood. This makes Inwood a great place for those looking for an affordable home. The city is home to a number of businesses including Inwood Coal & Supply Co., War Memorial Hospital, and CVS Pharmacy. With its low cost of living and variety of local businesses, Inwood is an attractive option for families looking for their next place to call home.

Inwood has an unemployment rate of 4.4%. The US average is 6.0%.

Inwood 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 32.4%, which is lower than the US average of 33.5%.

Tax Rates for Inwood
- The Sales Tax Rate for Inwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Inwood 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 Inwood
- The average income of a Inwood resident is $28,581 a year. The US average is $28,555 a year.
- The Median household income of a Inwood resident is $79,073 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyInwood, West VirginiaUnited States
  4.46
  -4.1%-6.2%
  32.4%33.5%
  6.0%6.2%
  6.0%4.6%
  $33,568$37,638
  $79,073$69,021
  $94,653$85,028
  Population by Occupation
  0.0%1.2%
  1.3%0.5%
  4.2%6.8%
  33.2%10.0%
  4.6%2.5%
  8.5%11.0%
  9.5%4.8%
  0.0%0.8%
  0.0%1.9%
  1.8%4.7%
  1.7%1.9%
  5.5%7.6%
  0.0%0.1%
  1.0%4.2%
  8.6%9.3%
  5.8%14.0%
  2.0%2.1%
  0.0%7.0%
  3.0%4.8%
  9.2%4.7%
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