Narrows, VA is a small town located in the Appalachian Mountains. It has a population of around 2,500 people and offers a friendly atmosphere with plenty of outdoor activities to enjoy. The cost of living in Narrows is much lower than the national average with an average two bedroom rent at $830 compared to $1,430 nationally. The grocery cost index is also much lower at 94 versus 100 in the US. There are several local companies that operate in Narrows including Henderson Oil Company, T&T Auto Repair, and Black Rock Inn & Suites. All these businesses offer great services for the local community. All things considered, Narrows offers residents an affordable cost of living with plenty of amenities to take advantage of.
Narrows has an unemployment rate of 4.5%. The US average is 6.0%.
Narrows has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Narrows
- The Sales Tax Rate for Narrows is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Narrows 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 Narrows
- The average income of a Narrows resident is $25,275 a year. The US average is $37,638 a year.
- The Median household income of a Narrows resident is $50,333 a year. The US average is $69,021 a year.