McMullin, VA Economy


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United States / Virginia / No Metro Area / Smyth County / McMullin / Zip Codes
McMullin, VA is a small rural town located in central Virginia known for it's quaint atmosphere and nearby attractions. It is home to several local businesses such as McMullin Country Store, Valley Veterinary Clinic and JM Express Market. The cost of living in McMullin is slightly lower than the national average with 2 bedroom rents costing around $1,070 compared to the US average of $1,430 and a grocery cost index of 93 versus 100 in the US. Overall, living in McMullin is an affordable option for those wanting to experience rural living without being far away from urban amenities.

McMullin has an unemployment rate of 5.5%. The US average is 6.0%.

McMullin has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.

Tax Rates for McMullin
- The Sales Tax Rate for McMullin is 5.3%. The US average is 7.3%.
- The Income Tax Rate for McMullin 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 McMullin
- The average income of a McMullin resident is $18,898 a year. The US average is $28,555 a year.
- The Median household income of a McMullin resident is $52,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMcMullin, VirginiaUnited States
  5.56
  -5.8%-6.2%
  21.2%33.5%
  5.3%6.2%
  5.8%4.6%
  $35,139$37,638
  $52,188$69,021
  $63,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  19.9%10.0%
  0.0%2.5%
  17.5%11.0%
  6.4%4.8%
  0.0%0.8%
  8.8%1.9%
  17.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  3.5%4.2%
  5.3%9.3%
  12.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  9.4%4.7%
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