Henry Fork, VA is a small town located in Southwest Virginia with a population of about 5,400 people. It's known for its friendly atmosphere and tight-knit community. The cost of living in Henry Fork is lower than the national average, with two bedroom rent coming in at $920 compared to a US average of $1,430. Groceries also come in at 96 on the index versus 100 nationally. Local companies include Henry Fork Meats, which has been providing fresh cuts of meat for over 100 years, and Urban Lumber Company which offers custom construction services. All in all, Henry Fork is an affordable place to live with many great businesses to choose from.
Henry Fork has an unemployment rate of 4.8%. The US average is 6.0%.
Henry Fork has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Henry Fork
- The Sales Tax Rate for Henry Fork is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Henry Fork 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 Henry Fork
- The average income of a Henry Fork resident is $23,383 a year. The US average is $37,638 a year.
- The Median household income of a Henry Fork resident is $0 a year. The US average is $69,021 a year.