South Boston is a small town in Virginia with a population of about 8,000 people. The town is located in the Piedmont region of the state and is situated between the Roanoke and Dan River valleys. The town's economy is primarily based on agriculture and manufacturing. South Boston is home to several food processing plants and agricultural businesses. The town also has a number of small retail businesses. There are no large shopping malls or chain stores in South Boston. The town's nightlife consists of a few bars and restaurants. There are no nightclubs or live music venues in South Boston.
South Boston has an unemployment rate of 5.9%. The US average is 6.0%.
South Boston has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for South Boston
- The Sales Tax Rate for South Boston is 5.3%. The US average is 7.3%.
- The Income Tax Rate for South Boston 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 South Boston
- The average income of a South Boston resident is $17,669 a year. The US average is $28,555 a year.
- The Median household income of a South Boston resident is $45,408 a year. The US average is $69,021 a year.