Iron Gate, Virginia is a small rural town located in the Appalachian Mountains. It is known for its beautiful scenery and quaint atmosphere. Although it is a small town, there are many local companies and attractions to enjoy. Rent for two-bedroom apartments averages around $800 per month, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Iron Gate is 92 versus 100 in the US, which makes it an affordable place to live. Some local businesses include Iron Gate Auto Parts, Iron Gate Home Furnishings, and Iron Gate General Store. Popular attractions include The Caverns at Natural Bridge State Park and the Booker T Washington National Monument. Visitors can also enjoy outdoor activities such as hiking or fishing in nearby national forests which are abundant with wildlife.
Iron Gate has an unemployment rate of 5.4%. The US average is 6.0%.
Iron Gate has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Iron Gate
- The Sales Tax Rate for Iron Gate is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Iron Gate 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 Iron Gate
- The average income of a Iron Gate resident is $24,356 a year. The US average is $37,638 a year.
- The Median household income of a Iron Gate resident is $0 a year. The US average is $69,021 a year.