Benwood, WV is a small city that offers many advantages to its residents. Rent for a two bedroom in Benwood is significantly lower than the national average, at $790 compared to the US average of $1,430. Additionally, grocery costs are more affordable as the cost index in Benwood is 95 compared to 100 nationally. As a result, Benwood is an attractive place to live and work. Local companies include Coastline Oil & Gas Company, Century 21 Property Shoppe, and McElwain Repair Services Inc. These companies offer career opportunities and resources to the people of Benwood and its surrounding areas.
Benwood has an unemployment rate of 7.7%. The US average is 6.0%.
Benwood has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Benwood
- The Sales Tax Rate for Benwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Benwood 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 Benwood
- The average income of a Benwood resident is $18,964 a year. The US average is $28,555 a year.
- The Median household income of a Benwood resident is $35,536 a year. The US average is $69,021 a year.