Seven Mile Ford, VA is small town located in southwest Virginia with a population of just under 800 people. It is known for its beautiful mountain views and its family-friendly neighborhoods. Local companies include Seven Mile Ford General Store and Seven Mile Ford Auto Parts. The rent for a two bedroom apartment in Seven Mile Ford is $1,070 which is considerably lower than the US average of $1,430. Additionally, the grocery cost index in Seven Mile Ford is 93 whereas the US average is 100. This means that groceries are cheaper in Seven Mile Ford compared to the rest of the country. Overall, living in Seven Mile Ford can be quite affordable for those who choose to call it home.
Seven Mile Ford has an unemployment rate of 5.5%. The US average is 6.0%.
Seven Mile Ford has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.
Tax Rates for Seven Mile Ford
- The Sales Tax Rate for Seven Mile Ford is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Seven Mile Ford 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 Seven Mile Ford
- The average income of a Seven Mile Ford resident is $19,988 a year. The US average is $28,555 a year.
- The Median household income of a Seven Mile Ford resident is $28,125 a year. The US average is $69,021 a year.