Cloverdale, VA is a small town located in the Roanoke Valley region of Virginia. Despite its small size, the town has plenty to offer. There are numerous local businesses such as Cloverdale Hardware Store for all your home improvement needs and Marshalls Bar & Grill for a great meal out. The cost of living in Cloverdale is very affordable compared to other towns in the area. The average rent for a two-bedroom apartment is $1,100 per month, which is significantly lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Cloverdale is 98 versus 100 in the US indicating that food expenses are also quite reasonable. In short, Cloverdale provides an ideal combination of affordability and convenience.
Cloverdale has an unemployment rate of 4.0%. The US average is 6.0%.
Cloverdale has seen the job market increase by 1.6% 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 Cloverdale
- The Sales Tax Rate for Cloverdale is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cloverdale 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 Cloverdale
- The average income of a Cloverdale resident is $30,712 a year. The US average is $28,555 a year.
- The Median household income of a Cloverdale resident is $57,321 a year. The US average is $69,021 a year.