Brookneal, VA is a great place to live with a relatively low cost of living. For example, the 2 bedroom rent in Brookneal is only $870 which is significantly lower than the US rent average of $1,430. Grocery costs are also quite low in Brookneal, with an index of 93 compared to 100 in the US. The town offers plenty of amenities for residents to enjoy. Local companies such as K&K Tire & Auto Repair and Tadlock Roofing, as well as attractions such as the Brookneal Museum and Historic Train Depot make Brookneal a great place to call home.
Brookneal has an unemployment rate of 5.0%. The US average is 6.0%.
Brookneal has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Brookneal
- The Sales Tax Rate for Brookneal is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Brookneal 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 Brookneal
- The average income of a Brookneal resident is $15,854 a year. The US average is $28,555 a year.
- The Median household income of a Brookneal resident is $50,313 a year. The US average is $69,021 a year.