Grottoes, VA is a charming town located in the Shenandoah Valley region of Virginia. The town is home to a variety of local businesses, such as Rockingham Electric Supply Co., Grottoes Pharmacy and Grottoes Hotels & Motels. With its affordable rent, grocery cost index 97 versus 100 in the US and many local amenities, Grottoes is an ideal place to call home. Furthermore, the town’s strong sense of community makes it even more inviting for those seeking a quiet place to live.
Grottoes has an unemployment rate of 4.0%. The US average is 6.0%.
Grottoes has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Grottoes
- The Sales Tax Rate for Grottoes is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Grottoes 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 Grottoes
- The average income of a Grottoes resident is $20,898 a year. The US average is $28,555 a year.
- The Median household income of a Grottoes resident is $69,464 a year. The US average is $69,021 a year.