Raysal, WV is a small town located in McDowell County. The cost of living in Raysal is lower than the US average, making it an attractive destination for those looking to save money. The average rent for a two-bedroom apartment is $590 compared to the national average of $1,430. The Grocery Cost Index for Raysal is 87 compared to 100 in the US.
Businesses based in and around Raysal include K&K Automotive Repair, Raysal Hardware and Lumber Co., and Sharon’s Florist. K&K Automotive Repair offers automotive services at competitive prices, while Raysal Hardware and Lumber Co. provide quality building materials at affordable prices. Sharon’s Florist specializes in fresh flower bouquets for special occasions such as weddings and anniversaries, offering high-quality floral arrangements at reasonable rates. In addition to these local businesses, Raysal also has many other shops and eateries that cater to the town’s residents.
Raysal has an unemployment rate of 9.7%. The US average is 6.0%.
Raysal has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 15.9%, which is lower than the US average of 33.5%.
Tax Rates for Raysal
- The Sales Tax Rate for Raysal is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raysal 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 Raysal
- The average income of a Raysal resident is $8,191 a year. The US average is $28,555 a year.
- The Median household income of a Raysal resident is $28,278 a year. The US average is $69,021 a year.