Thomas, WV Economy


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United States / West Virginia / No Metro Area / Tucker County / Thomas / Zip Codes
Thomas, WV is a community located in Tucker County. This quaint town offers residents great amenities at an affordable price. The average cost of renting a two-bedroom apartment in Thomas is just $660, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Thomas is 97 compared to 100 nationwide. Local companies include Lanesboro Supply Co., D&D Outdoors and Tools Plus LLC and attractions include Blackwater Falls State Park, Canaan Valley Ski Resort, Davis & Elkins College Observatory and many more. With its low living costs and plethora of activities to do, Thomas has something for everyone to enjoy!

Thomas has an unemployment rate of 7.1%. The US average is 6.0%.

Thomas has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.

Tax Rates for Thomas
- The Sales Tax Rate for Thomas is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thomas 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 Thomas
- The average income of a Thomas resident is $19,492 a year. The US average is $28,555 a year.
- The Median household income of a Thomas resident is $55,114 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyThomas, West VirginiaUnited States
  7.16
  -5.3%-6.2%
  21.2%33.5%
  7.0%6.2%
  6.0%4.6%
  $27,281$37,638
  $55,114$69,021
  $58,850$85,028
  Population by Occupation
  0.0%1.2%
  4.1%0.5%
  9.9%6.8%
  2.3%10.0%
  0.0%2.5%
  5.8%11.0%
  0.6%4.8%
  1.8%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  7.6%4.2%
  1.2%9.3%
  12.3%14.0%
  11.1%2.1%
  4.7%7.0%
  15.2%4.8%
  23.4%4.7%
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