Rural Retreat, VA is a beautiful small town located in the western part of Virginia. This rural town offers an array of outdoor activities and a slower paced way of life that many find attractive. The rental cost for two bedroom homes is significantly lower than the nationwide average making it an ideal place to start a family. The grocery cost index in Rural Retreat, VA is 97 versus the US average of 100, making it even more affordable to live here.\nLocal companies in Rural Retreat include Mountain Valley Bank , Rural Retreat Auto Auction , and Merritt’s Store . These businesses provide valuable services to residents and create economic opportunities throughout the area. Each company brings something different to the table and helps maintain Rural Retreat’s unique charm and culture.
Rural Retreat has an unemployment rate of 5.3%. The US average is 6.0%.
Rural Retreat has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Rural Retreat
- The Sales Tax Rate for Rural Retreat is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Rural Retreat 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 Rural Retreat
- The average income of a Rural Retreat resident is $26,247 a year. The US average is $37,638 a year.
- The Median household income of a Rural Retreat resident is $53,636 a year. The US average is $69,021 a year.