Mabscott, WV Economy


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Mabscott, WV is a great place to live with many benefits. Rent for a two bedroom apartment is significantly lower than the US average at $780 compared to $1,430. Grocery costs are also lower in comparison to the US index of 100 with Mabscott having an index of 93. The area is home to several local companies such as the Mabscott Stamping Company and the Revere Furniture Factory. The city also has a variety of attractions including the Zebulon Pike Historic Site and nearby outdoor activities like hiking and biking trails. There are many local restaurants serving various cuisines such as Italian at Nonna's Pizzeria or Chinese at Yum's Asian Cuisine.

Mabscott has an unemployment rate of 6.4%. The US average is 6.0%.

Mabscott 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 Mabscott
- The Sales Tax Rate for Mabscott is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mabscott 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 Mabscott
- The average income of a Mabscott resident is $28,873 a year. The US average is $28,555 a year.
- The Median household income of a Mabscott resident is $39,688 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMabscott, West VirginiaUnited States
  6.46
  -4.6%-6.2%
  20.8%33.5%
  7.0%6.2%
  6.0%4.6%
  $23,303$37,638
  $39,688$69,021
  $65,511$85,028
  Population by Occupation
  0.0%1.2%
  5.3%0.5%
  2.4%6.8%
  2.2%10.0%
  0.7%2.5%
  17.5%11.0%
  2.7%4.8%
  0.9%0.8%
  2.1%1.9%
  1.7%4.7%
  0.0%1.9%
  5.5%7.6%
  0.0%0.1%
  3.4%4.2%
  6.9%9.3%
  26.6%14.0%
  0.5%2.1%
  6.0%7.0%
  3.8%4.8%
  11.8%4.7%
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