Mountain Road, VA is a small yet thriving community located just outside of the city center. The cost of living in Mountain Road is significantly lower than the national average - two bedroom rents are about $800, while the US average for a two bedroom rent is $1,430. Additionally, the grocery cost index 94 in Mountain Road versus 100 in the US. Local companies include the Mountain Road Cafeteria and Grocery Store, which offer fresh produce and other groceries at discounted prices, and Smith Hardware Store that offers high quality tools and equipment at low prices. Other local amenities include a public library, several parks and recreation centers, an outdoor market with locally grown produce, as well as numerous cafes and restaurants.
Mountain Road has an unemployment rate of 5.9%. The US average is 6.0%.
Mountain Road has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Mountain Road
- The Sales Tax Rate for Mountain Road is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Mountain Road 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 Mountain Road
- The average income of a Mountain Road resident is $12,970 a year. The US average is $37,638 a year.
- The Median household income of a Mountain Road resident is $29,091 a year. The US average is $69,021 a year.