Welch, WV is a small town located in the Appalachian Mountains. It has a population of 2,406 according to the 2019 census data. The median rent for a two bedroom apartments in Welch is $680 which is much lower than the US median rent of $1,430. Grocery costs in Welch are also cheaper than the US with a grocery cost index of 90 versus 100.
Despite being a small town, Welch offers many amenities and services that make it a great place to live. Some local companies include Appalachian Hardwood Products Inc., Mcdowell County Schools and McDowell County Health Department among others. For those seeking higher education, Welch is home to West Virginia University Institute of Technology which provides undergraduate and graduate programs, as well as technical and career training programs.
Welch has an unemployment rate of 9.7%. The US average is 6.0%.
Welch 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 Welch
- The Sales Tax Rate for Welch is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Welch 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 Welch
- The average income of a Welch resident is $15,105 a year. The US average is $28,555 a year.
- The Median household income of a Welch resident is $35,938 a year. The US average is $69,021 a year.