Tazewell, VA Economy


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Tazewell, Virginia is a small town located in the Appalachian Mountains, and is home to just over 5,000 residents. It boasts a thriving economy and low cost of living. The two bedroom rent in Tazewell is $780 a month compared to the US average of $1,430. Similarly, its grocery cost index is 94 versus an average of 100 across the United States.
Tazewell has many local businesses to explore such as M&M Auto Parts Inc., H&H Building Supply, and Specialty Tire & Automotive Service Center. Tourists enjoy visiting Pitzer's Fork State Park for camping or fishing with plenty of trails to hike or bike. Bluefield College also calls Tazewell home which makes it a great destination for students or alumni looking to catch up on college life. The local economy also produces coal mining operations and mining related businesses which are important sources of income in the area.
All in all, Tazewell offers many affordable amenities without sacrificing quality of life. With its unique mountain setting and friendly locals it provides tourists with an excellent experience and memorable getaway!

Tazewell has an unemployment rate of 6.3%. The US average is 6.0%.

Tazewell 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 Tazewell
- The Sales Tax Rate for Tazewell is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Tazewell 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 Tazewell
- The average income of a Tazewell resident is $21,913 a year. The US average is $28,555 a year.
- The Median household income of a Tazewell resident is $36,074 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTazewell, VirginiaUnited States
  6.36
  -5.1%-6.2%
  16.3%33.5%
  5.3%6.2%
  5.8%4.6%
  $22,497$37,638
  $36,074$69,021
  $56,056$85,028
  Population by Occupation
  0.0%1.2%
  0.7%0.5%
  1.3%6.8%
  7.3%10.0%
  0.8%2.5%
  6.6%11.0%
  1.4%4.8%
  0.0%0.8%
  4.0%1.9%
  4.2%4.7%
  5.0%1.9%
  4.5%7.6%
  0.0%0.1%
  2.5%4.2%
  9.1%9.3%
  22.7%14.0%
  5.7%2.1%
  9.1%7.0%
  3.1%4.8%
  12.2%4.7%
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