Ravenswood, WV is a small town located in Jackson County. It's known for its affordable cost of living with an average 2 bedroom rent of $940 per month, compared to the US average of $1,430. The grocery cost index is 97 versus 100 in the US, making it a great place to save money on food expenses. There are a number of local businesses in Ravenswood such as Ravenwood Tire Service, C&R Outdoors, and Moreland Plumbing & Heating that offer services to members of the community. Overall, Ravenswood is an amazing place to live with a low cost lifestyle and plenty of locally owned businesses.
Ravenswood has an unemployment rate of 7.0%. The US average is 6.0%.
Ravenswood has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Ravenswood
- The Sales Tax Rate for Ravenswood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ravenswood 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 Ravenswood
- The average income of a Ravenswood resident is $19,432 a year. The US average is $28,555 a year.
- The Median household income of a Ravenswood resident is $37,188 a year. The US average is $69,021 a year.