Nickelsville, VA Economy


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Nickelsville, VA is a small town located in the east coast of the United States. It has a lot to offer its residents, such as affordable rental rates and low grocery costs. The average two bedroom rent in Nickelsville is $770 which is significantly lower compared to the US average of $1,430. Additionally, the Grocery Cost Index is 93 versus 100 in the US, making it an even more attractive option for people looking for an affordable place to live. \nThe town has several local businesses including Weaver Automotive Services, McAllister’s Hardware Store and Baker's Bakery. Weaver Automotive Services provides auto repair services for all makes and models while McAllister's Hardware Store is a family-run business that offers hardware supplies and related products. Lastly, Baker's Bakery offers freshly baked goods made with quality ingredients from local farms. With these businesses available, Nickelsville can provide its residents with essentials that they need on a daily basis.

Nickelsville has an unemployment rate of 4.5%. The US average is 6.0%.

Nickelsville has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Nickelsville
- The Sales Tax Rate for Nickelsville is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Nickelsville 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 Nickelsville
- The average income of a Nickelsville resident is $17,935 a year. The US average is $28,555 a year.
- The Median household income of a Nickelsville resident is $26,477 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNickelsville, VirginiaUnited States
  4.56
  -4.5%-6.2%
  28.5%33.5%
  5.3%6.2%
  5.8%4.6%
  $21,041$37,638
  $26,477$69,021
  $45,673$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  11.7%6.8%
  16.2%10.0%
  0.0%2.5%
  4.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.9%4.2%
  9.0%9.3%
  21.6%14.0%
  6.3%2.1%
  22.5%7.0%
  3.6%4.8%
  3.6%4.7%
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