Richlands, VA is a small town located in Tazewell County. It is renowned for its stunning natural beauty and its charming southern hospitality. Richlands offers its residents a low cost of living, with a two bedroom rent being $780 compared to the US average of $1,430. The Grocery Cost Index in Richlands is 93 versus the US average of 100. Richlands has several notable local businesses, including High Peaks Coffee & Eatery which serves up delicious coffee, pastries, and sandwiches; Alís Home Furnishings which specializes in custom home furnishings; and Red Sword Forge, a blacksmithing shop that creates one-of-a-kind pieces using traditional techniques. All these businesses give Richlands an authentic hometown feeling that makes it such an attractive place to live.
Richlands has an unemployment rate of 6.3%. The US average is 6.0%.
Richlands has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Richlands
- The Sales Tax Rate for Richlands is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Richlands 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 Richlands
- The average income of a Richlands resident is $19,607 a year. The US average is $28,555 a year.
- The Median household income of a Richlands resident is $31,169 a year. The US average is $69,021 a year.