Allisonia, VA Economy


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Allisonia, VA is a small town located in the foothills of the Appalachian Mountains and is home to around 600 people. Despite its size, it offers big city amenities such as reasonably priced lodging in the form of 2 bedroom apartments that rent for $850; significantly lower than the US average of $1,430. Additionally, food costs are below national averages as shown by an index rating of 98 as opposed to 100 in the US. For those who want to experience the community, there are several local attractions like The Patrick County Fairgrounds and Apple River Farm. Companies within the area include Ararat Rock Products and YMCA Sports Camps. With it's low cost of living and plenty to explore, Allisonia is a great place for anyone looking for a rural escape.

Allisonia has an unemployment rate of 5.2%. The US average is 6.0%.

Allisonia has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.

Tax Rates for Allisonia
- The Sales Tax Rate for Allisonia is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Allisonia 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 Allisonia
- The average income of a Allisonia resident is $13,789 a year. The US average is $28,555 a year.
- The Median household income of a Allisonia resident is $55,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllisonia, VirginiaUnited States
  5.26
  -6.1%-6.2%
  26.0%33.5%
  5.3%6.2%
  5.8%4.6%
  $23,266$37,638
  $55,694$69,021
Family Median Income 85028
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