Ivanhoe, VA is a small town located in the southeast United States. It is an idyllic place to live with its strong sense of community and history. The cost of living in Ivanhoe is generally lower than other places in the United States. For example, 2 bedroom rent in Ivanhoe comes out to about $810, compared to the US average of $1,430. Grocery Cost Index for Ivanhoe also averages lower at 93 compared to 100 in the US. The area has several locally owned businesses such as Joe's Butcher Shop, Mary's Bakery, and Johnson's Hardware Store that serve the local community with quality goods and services at reasonable prices. Overall, living in Ivanhoe provides a high quality lifestyle at an affordable price that cannot be found many other places.
Ivanhoe has an unemployment rate of 5.3%. The US average is 6.0%.
Ivanhoe has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Ivanhoe
- The Sales Tax Rate for Ivanhoe is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Ivanhoe 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 Ivanhoe
- The average income of a Ivanhoe resident is $12,646 a year. The US average is $37,638 a year.
- The Median household income of a Ivanhoe resident is $44,306 a year. The US average is $69,021 a year.