Despard, WV is a small town located in Wooley County. It is an ideal place for anyone looking to save money on rent and groceries. The average 2 bedroom rent price in Despard is just $550, which is significantly less than the US 2 bedroom rental rate of $1,430. Additionally, groceries are cheaper here as well with a grocery cost index of 96 compared to the US average of 100. There are several local businesses in Despard including an ice cream shop, a barber shop, and a cafe. The overall cost of living in Despard is low due to its cheap rent prices and grocery costs.
Despard has an unemployment rate of 5.8%. The US average is 6.0%.
Despard 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 Despard
- The Sales Tax Rate for Despard is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Despard 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 Despard
- The average income of a Despard resident is $15,170 a year. The US average is $37,638 a year.
- The Median household income of a Despard resident is $0 a year. The US average is $69,021 a year.