Pound, VA is a small town located in the southwestern region of Virginia. It offers a peaceful and laid-back atmosphere to its residents. The cost of living is relatively low compared to the rest of the United States, with 2 bedroom rent costing only $700 per month compared to the US average of $1,430. Additionally, grocery costs are also lower in Pound than in most parts of the US, with an index score of 93 versus 100.
The town has several businesses that offer employment opportunities to local residents. These include popular restaurants such as K&G's Family Diner and The Golden Rooster Café; retail stores like Dollar General and Value City Supermarket; and service providers like A & M Automotive Services and Creekside Insurance Agency. All these establishments contribute greatly to the local economy.
Pound has an unemployment rate of 6.7%. The US average is 6.0%.
Pound has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Pound
- The Sales Tax Rate for Pound is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Pound 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 Pound
- The average income of a Pound resident is $19,236 a year. The US average is $28,555 a year.
- The Median household income of a Pound resident is $26,417 a year. The US average is $69,021 a year.