Laymantown, VA is a growing community situated in the greater Roanoke region. It is a pleasant place to live and work thanks to its affordability, low crime rate, and ample access to amenities. With an average 2 bedroom rent of $950 per month, it makes for an excellent option for those looking for a more affordable living alternative compared to other US cities. In addition, the grocery cost index in Laymantown is the same as the US average which makes it convenient for people wanting to save on their weekly groceries. The city's thriving economy is composed of several local companies such as Blue Ridge Beverage Co., Servicemaster of Roanoke Valley Inc., AutoZone Inc., Carilion Clinic, and AEP River Operations LLC. All these businesses have contributed greatly in making Laymantown VA an appealing place to live and work.
Laymantown has an unemployment rate of 4.0%. The US average is 6.0%.
Laymantown 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 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Laymantown
- The Sales Tax Rate for Laymantown is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Laymantown 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 Laymantown
- The average income of a Laymantown resident is $27,311 a year. The US average is $28,555 a year.
- The Median household income of a Laymantown resident is $76,205 a year. The US average is $69,021 a year.