Cluster Springs, VA is a small town with a population of around 5,000 people. It has some great local businesses such as Dunster Dairy, Cluster Springs Realty and Crows Nest Bar & Grill. The cost of living in Cluster Springs is much lower than average when compared to the US as a whole. For example, the average 2 bedroom rent in Cluster Springs is only $800 per month compared to $1,430 for the same size rental across the US. In addition, grocery costs are much lower with an index score of 93 versus 100 in the US. Therefore Cluster Springs offers high quality local services at an affordable cost which makes it an attractive place to live.
Cluster Springs has an unemployment rate of 5.9%. The US average is 6.0%.
Cluster Springs 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 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Cluster Springs
- The Sales Tax Rate for Cluster Springs is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cluster Springs 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 Cluster Springs
- The average income of a Cluster Springs resident is $18,420 a year. The US average is $28,555 a year.
- The Median household income of a Cluster Springs resident is $53,889 a year. The US average is $69,021 a year.