Pratt, WV is a small town located in the heart of West Virginia. It offers a tranquil atmosphere with a low cost of living. The average two bedroom rent rate is $750, which is much lower than the national average of $1,430. Additionally, grocery costs are 97 on the cost index compared to 100 nationally. This means that Pratt's grocery costs are 3% cheaper than other parts of the US. The community is home to several local businesses including Marietta Furniture Co., Taylor & Son Contracting, and Foam-Tech Incorporated. With its low rent rates and cheap groceries, Pratt is an attractive place for those looking for a slower pace of life with a lower cost of living.
Pratt has an unemployment rate of 6.3%. The US average is 6.0%.
Pratt has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Pratt
- The Sales Tax Rate for Pratt is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pratt 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 Pratt
- The average income of a Pratt resident is $24,875 a year. The US average is $28,555 a year.
- The Median household income of a Pratt resident is $56,250 a year. The US average is $69,021 a year.