Hallwood, VA is located in Accomack County and is an affordable place to live. It has a population of around 500 people and boasts a cost of living index that is 5% lower than the US average. Rent for a two bedroom apartment here is only $800 compared to the national average of $1,430. Grocery costs are also lower; Hallwood’s index rating is 95 versus 100 for the US. Local businesses include Burger King, Walmart Supercenter, J&J Discount Store and Dollar General, while popular attractions include Sunnybank Farm, Hallwood Manor (a historical site) and Autumn Meadows Golf Course.
Hallwood has an unemployment rate of 6.1%. The US average is 6.0%.
Hallwood has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Hallwood
- The Sales Tax Rate for Hallwood is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hallwood 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 Hallwood
- The average income of a Hallwood resident is $12,990 a year. The US average is $28,555 a year.
- The Median household income of a Hallwood resident is $36,250 a year. The US average is $69,021 a year.