Wolf Summit, WV is a small town nestled in the Appalachian Mountains. It has a population of just over 400 people, making it an ideal place to retire or raise a family. The cost of living here is very affordable, with two-bedroom rent averaging at $800 per month compared to the US average of $1,430. Furthermore, Wolf Summit benefits from having a grocery cost index of 97 compared to the US score of 100, indicating that groceries are less expensive than the national average.
The town has several local businesses including Wolf Summit Grocery Store, Wolf Summit Restaurant & Bar, Taylor's Hardware Store and Mountain View Quilt Shop. Wolf Summit also boasts a number of outdoor attractions such as hiking trails, lakes and parks that are perfect for families to explore. The local population consists mostly of retirees and young families; however many people commute daily from nearby communities due to its convenient location.
Wolf Summit has an unemployment rate of 5.8%. The US average is 6.0%.
Wolf Summit has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Wolf Summit
- The Sales Tax Rate for Wolf Summit is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wolf Summit 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 Wolf Summit
- The average income of a Wolf Summit resident is $39,116 a year. The US average is $37,638 a year.
- The Median household income of a Wolf Summit resident is $49,688 a year. The US average is $69,021 a year.