Bolt, WV is a small town with a population of around 1,000 residents. The cost of living in Bolt, WV is much lower than the average for the rest of the United States. For example, 2 bedroom rent in Bolt is $820 compared to $1,430 in the US and grocery cost index in Bolt is 92 versus 100 in the US. This makes it an ideal place for those who are looking to save money while still enjoying a comfortable lifestyle.
The town has various local businesses that serve its residents including a general store called R&R Market and Hardware which provides groceries, hardware supplies, and gas station services; Woodlands Country Store which offers apparel and home goods; Valley Fitness which offers gym memberships; and Ashby Funeral Homes which provides funeral services. All these businesses provide much needed products and services to the community of Bolt making it a great place to live.
Bolt has an unemployment rate of 6.4%. The US average is 6.0%.
Bolt 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 Bolt
- The Sales Tax Rate for Bolt is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bolt 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 Bolt
- The average income of a Bolt resident is $17,445 a year. The US average is $28,555 a year.
- The Median household income of a Bolt resident is $61,066 a year. The US average is $69,021 a year.