Hollins, VA is a small city located in the Roanoke Valley area. It has a diverse population of about 5,500 people and offers many amenities within its city limits. The city is known for its low cost of living--2 bedroom rent at $1,090 while the US average is $1,430 and below average grocery cost index (98 versus 100 in the US). Companies like Atlantic Coast Pipeline are headquartered here. Benefits to living in Hollins include access to outdoor recreation such as hiking trails and camping sites at nearby Carvins Cove Natural Reserve and educational opportunities with nearby institutions such as Radford University. Additionally, Hollins offers easy access to major cities such as Roanoke and Lynchburg which offer a variety of entertainment options.
Hollins has an unemployment rate of 4.1%. The US average is 6.0%.
Hollins 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 Hollins
- The Sales Tax Rate for Hollins is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Hollins 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 Hollins
- The average income of a Hollins resident is $28,106 a year. The US average is $28,555 a year.
- The Median household income of a Hollins resident is $70,053 a year. The US average is $69,021 a year.