Collinsville, Virginia is a small town located in the beautiful Blue Ridge Mountains. With a population of around 2,500 people, Collinsville offers its residents great amenities and quality of life in a friendly small-town atmosphere. The two bedroom rent rate in Collinsville is considerably lower than the national average of $1,430 with an average rental rate of $770. Additionally, grocery costs are also lower than the national index averaging 94 compared to 100. The community offers various options for employment with local companies such as Walmart and Valley Health Systems both offering job opportunities to residents. Other notable businesses including C Ried Foods, WXJM Radio Station, and CSX Transportation also provide employment opportunities to locals.
Collinsville has an unemployment rate of 6.0%. The US average is 6.0%.
Collinsville has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Collinsville
- The Sales Tax Rate for Collinsville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Collinsville 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 Collinsville
- The average income of a Collinsville resident is $22,321 a year. The US average is $28,555 a year.
- The Median household income of a Collinsville resident is $42,696 a year. The US average is $69,021 a year.