Boaz, WV is a small town offering affordable living and modern amenities. The average rent for a two bedroom apartment is $860 compared to the U.S. average of $1,430, making it an attractive option for those looking to save money on housing costs. In addition to low rents, Boaz residents also benefit from lower grocery costs as the Grocery Cost Index in Boaz is 101 against the national average of 100. Although it's a small town, Boaz offers businesses and services that provide jobs and cater to the needs of its residents. Local companies range from health care providers such as New River Valley Medical Center, to auto mechanics like Charlie's Automotive Repair & Towing Services. Residents can also find employment with local stores such as The Store at Boaz and Little General Store or government entities such as Boaz City Hall.
Boaz has an unemployment rate of 6.7%. The US average is 6.0%.
Boaz has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Boaz
- The Sales Tax Rate for Boaz is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Boaz 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 Boaz
- The average income of a Boaz resident is $33,870 a year. The US average is $37,638 a year.
- The Median household income of a Boaz resident is $81,810 a year. The US average is $69,021 a year.