Floyd, VA is a small town in Virginia nestled in the Blue Ridge Mountains. It is known for its tight-knit community and picturesque views. The cost of living in Floyd, VA is quite affordable compared to the US average. For example, the average rental price for two bedrooms is around $800 while the US average is $1430. Additionally, the grocery cost index in Floyd is 96 compared to 100 nationally. There are many locally owned businesses in Floyd such as Rock Barn Antiques, The Floyd Country Store, and Wildwood Farms General Store that offer unique goods and services at competitive prices. All these factors make it a great place to live with an affordable cost of living.
Floyd has an unemployment rate of 4.4%. The US average is 6.0%.
Floyd 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 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Floyd
- The Sales Tax Rate for Floyd is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Floyd 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 Floyd
- The average income of a Floyd resident is $21,626 a year. The US average is $28,555 a year.
- The Median household income of a Floyd resident is $73,889 a year. The US average is $69,021 a year.