Low Moor, VA is a small town located in Virginia. It is known for its quiet atmosphere and stunning views of nature. The cost of living in Low Moor is notably lower than the national average. A two-bedroom apartment in Low Moor rents for $730 per month while the national average is $1,430, making it a great choice for those looking to save money on rent. Grocery costs are also substantially lower with an index of 93 compared to 100 nationally. This has made it an attractive place to live for many families.
Low Moor is home to several businesses including the Chesapeake Bay Candle Factory, Mountain Ridge Winery, and High Knob Farm & Dairy Co-op. These companies offer unique products and services that support the local economy and make Low Moor an even more attractive place to live.
Overall, it’s clear that Low Moor offers a number of advantages over other places in terms of cost of living and quality of life. Its proximity to nature, low prices, and selection of local businesses make it an ideal destination for those looking for an affordable hometown feel with plenty to do nearby!
Low Moor has an unemployment rate of 5.4%. The US average is 6.0%.
Low Moor 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 Low Moor
- The Sales Tax Rate for Low Moor is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Low Moor 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 Low Moor
- The average income of a Low Moor resident is $23,229 a year. The US average is $37,638 a year.
- The Median household income of a Low Moor resident is $0 a year. The US average is $69,021 a year.