Max Meadows, VA is a small town situated in southwestern Virginia. It is known for having low housing costs and an affordable cost of living. The average two bedroom rental in Max Meadows, VA is $860, significantly less than the US average of $1,430. This lower rent cost can be attributed to the area's Grocery Cost Index which is 97 versus the national average of 100. The small town has attracted many businesses to the area because of its low costs. Locally owned restaurants, shopping centers, and banks such as P&M Bank and First National Bank are some of the more popular places to shop or do business in Max Meadows, VA. Additionally, there are numerous family-owned stores throughout the town including D & J Pharmacy and Furtado Supermarkets which offer quality goods at competitive prices. All these factors contribute to making Max Meadows an attractive place to live with reasonably priced housing costs without sacrificing quality of life.
Max Meadows has an unemployment rate of 5.3%. The US average is 6.0%.
Max Meadows has seen the job market decrease by 0.0% 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 Max Meadows
- The Sales Tax Rate for Max Meadows is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Max Meadows 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 Max Meadows
- The average income of a Max Meadows resident is $14,129 a year. The US average is $28,555 a year.
- The Median household income of a Max Meadows resident is $68,688 a year. The US average is $69,021 a year.