Bassett, VA is a small town located in Henry County with a population of 1,556 according to the latest U.S. census. The cost of renting a two bedroom apartment in Bassett is remarkably lower than the national average, at $760 compared to $1,430. Grocery costs are also cheaper than the national average with an index score of 93 versus 100. Despite its small size, there are plenty of reasons to visit Bassett with many local businesses and attractions. Local businesses include Bassett Furniture Industries Inc., Bassett Mechanical Inc., and Southern Valley Apparel Co., among others. There are also plenty of attractions such as Peaks of Otter Winery, Booker T Washington National Monument, and James River State Park.
Bassett has an unemployment rate of 6.0%. The US average is 6.0%.
Bassett has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Bassett
- The Sales Tax Rate for Bassett is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bassett 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 Bassett
- The average income of a Bassett resident is $14,473 a year. The US average is $28,555 a year.
- The Median household income of a Bassett resident is $37,534 a year. The US average is $69,021 a year.