Cave Spring, VA is a small town located in Roanoke County. It is home to a variety of businesses including The Cave Spring Salon, Riverside Mill Antiques, and the Cave Spring McDonald's. Although the population size is unknown, it is known that the cost of living in Cave Spring is lower than the US average. For example, 2 bedroom rent in Cave Spring is $1,130 compared to $1,430 in the US. Similarly, grocery cost index in Cave Spring is 101 versus 100 in the US. This makes Cave Spring a great destination for those looking for an affordable place to live with plenty of local businesses to explore.
Cave Spring has an unemployment rate of 4.1%. The US average is 6.0%.
Cave Spring has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Cave Spring
- The Sales Tax Rate for Cave Spring is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cave Spring 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 Cave Spring
- The average income of a Cave Spring resident is $42,607 a year. The US average is $37,638 a year.
- The Median household income of a Cave Spring resident is $74,399 a year. The US average is $69,021 a year.