Kermit, WV is a small rural town with a population of about 500 people. It is a great place to live for those looking for something quieter than the hustle and bustle of major metropolitan areas. The cost of renting a 2 bedroom apartment in Kermit is significantly lower than that in cities across the US, at $780 compared to $1,430 nationally. Groceries are also relatively inexpensive according to the Cost of Living Index with 96 points compared to 100 nationally. Local businesses include Kermit Chevrolet-Buick-GMC, Kermit Hardware Store, and Phillips Supply Company. Despite its small size, Kermit has a lot to offer and makes for a great place to live if you’re looking for an affordable alternative to big city living.
Kermit has an unemployment rate of 9.9%. The US average is 6.0%.
Kermit has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Kermit
- The Sales Tax Rate for Kermit is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kermit 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 Kermit
- The average income of a Kermit resident is $22,924 a year. The US average is $28,555 a year.
- The Median household income of a Kermit resident is $32,679 a year. The US average is $69,021 a year.