Montcalm, WV Economy


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Montcalm, WV is a desirable location for many reasons. Boasting an affordable 2 bedroom rent of $580, it makes living in this small town much less expensive than other parts of the US with an average 2 bedroom rent of $1,430. Additionally, food costs are significantly more affordable in Montcalm with its cost index of 92 compared to the US's 100.\nAside from great cost savings opportunities, Montcalm also has many local companies that make it a great place to live. Local businesses include The Country Store, Logan Supermarket, and Lawrence True Value Hardware which offer a variety of services and products for residents' needs. The community also offers various outdoor activities such as hiking and fishing making it a popular destination for travelers looking to explore all West Virginia has to offer. \nIn conclusion, Montcalm, WV is worth considering for those who are looking for an affordable place to live with plenty of business options available in the area and lots of outdoor activities to enjoy.

Montcalm has an unemployment rate of 7.0%. The US average is 6.0%.

Montcalm has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.

Tax Rates for Montcalm
- The Sales Tax Rate for Montcalm is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montcalm is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Montcalm
- The average income of a Montcalm resident is $12,704 a year. The US average is $37,638 a year.
- The Median household income of a Montcalm resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontcalm, West VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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