Callaghan, VA is an attractive city to live in with a low cost of living. The average 2 bedroom rent here is $880 per month, much lower than the US average of $1,430. In addition, the Grocery Cost Index in Callaghan is 94 versus 100 in the US. \nIn terms of local companies and institutions, Callaghan is home to Virginia Tech University as well as the Callaghan Medical Center. For recreational activities, there are many outdoor options such as hiking trails in nearby Jefferson National Forest or canoeing on the Catawba River. Tourist attractions include the iconic Blue Ridge Mountains which can be viewed by taking a scenic drive on Skyline Drive or attending local festivals like Floyd Fest and White Top Folk Fest.
Callaghan has an unemployment rate of 5.4%. The US average is 6.0%.
Callaghan has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Callaghan
- The Sales Tax Rate for Callaghan is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Callaghan 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 Callaghan
- The average income of a Callaghan resident is $30,216 a year. The US average is $28,555 a year.
- The Median household income of a Callaghan resident is $95,481 a year. The US average is $69,021 a year.