Glenvar, VA is known for its affordability and quality of life. Rent for a two-bedroom apartment is significantly lower than the US average at $1,090, while the grocery cost index is almost identical to the US average at 98 versus 100. With such low costs of living, it's no surprise that Glenvar attracts many families and young professionals looking to settle down. Popular local companies in Glenvar include The Country Store, a family-owned grocery store; Walkabout Outfitter, an outdoor clothing and gear shop; and Jay's Automotive Repair Services, an auto repair shop with over 40 years of experience.
Glenvar has an unemployment rate of 4.1%. The US average is 6.0%.
Glenvar 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Glenvar
- The Sales Tax Rate for Glenvar is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Glenvar 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 Glenvar
- The average income of a Glenvar resident is $19,839 a year. The US average is $28,555 a year.
- The Median household income of a Glenvar resident is $24,922 a year. The US average is $69,021 a year.