Lee Mont, VA is a small city located in the Shenandoah Valley. It is known for its low cost of living and affordability for families. The average two bedroom rent is significantly lower than the national average at $780 compared to $1,430. In addition, the grocery cost index in Lee Mont is 94 compared to 100 nationally. This makes it an attractive location for those who want to save money on everyday expenses. The city also boasts many local businesses like Lee Mont Motors, Valley Saloon & Grill, and Shenandoah Outdoor Outfitters that contribute to the economic growth of the area.
Lee Mont has an unemployment rate of 6.1%. The US average is 6.0%.
Lee Mont has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Lee Mont
- The Sales Tax Rate for Lee Mont is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lee Mont 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 Lee Mont
- The average income of a Lee Mont resident is $33,934 a year. The US average is $28,555 a year.
- The Median household income of a Lee Mont resident is $2,499 a year. The US average is $69,021 a year.