Sophia, WV is an attractive town for those looking to benefit from cost-savings without sacrificing quality of life. The average 2 bedroom rent in Sophia is $770 compared to the US average of $1,430. Similarly, the grocery cost index in Sophia is 91 versus 100 in the US. This makes Sophia an ideal spot for those wishing to save on living costs. It also has many local businesses such as World Finance and Advance Auto Parts that offer excellent services and products. Located in Raleigh County, West Virginia, Sophia provides a great opportunity for those who want to settle down in a vibrant small town atmosphere while still benefitting from nearby state resources and services.
Sophia has an unemployment rate of 6.4%. The US average is 6.0%.
Sophia has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 20.8%, which is lower than the US average of 33.5%.
Tax Rates for Sophia
- The Sales Tax Rate for Sophia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sophia 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 Sophia
- The average income of a Sophia resident is $17,645 a year. The US average is $28,555 a year.
- The Median household income of a Sophia resident is $28,462 a year. The US average is $69,021 a year.