Roanoke, VA is a great city for anyone looking for an affordable place to live. The average two bedroom rent is $960 per month which is significantly lower than the US average of $1,430 per month. Additionally, the grocery cost index in Roanoke is 95 versus 100 in the US which shows that food costs are also lower than the national average. Roanoke offers many employment opportunities with big companies such as Advance Auto Parts, Carilion Clinic, and Virginia Tech Health Systems located in the city providing jobs to a wide range of individuals. The cost of living in Roanoke is much lower than many other major cities across America making it an attractive option for anyone looking for an affordable place to live while having access to modern amenities and job opportunities.
Roanoke has an unemployment rate of 6.3%. The US average is 6.0%.
Roanoke has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Roanoke
- The Sales Tax Rate for Roanoke is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Roanoke is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Roanoke
- The average income of a Roanoke resident is $23,565 a year. The US average is $28,555 a year.
- The Median household income of a Roanoke resident is $48,476 a year. The US average is $69,021 a year.