Grant Town, WV is a small rural town with a population of around 3,000. The cost of living in Grant Town is much lower than the US average, evidenced by its 2-bedroom rent being over $600 less than the US average at just $800. Similarly, the grocery cost index for Grant Town is 94 as opposed to 100 nationally. This makes Grant Town an attractive location for people seeking less expensive living options. The town is home to several local businesses including Grant Town Hardware & Supply Co., Grandma's Bakery, and Mt. Storm Landscaping. All these businesses provide important services to the community and contribute significantly to the local economy.
Grant Town has an unemployment rate of 6.0%. The US average is 6.0%.
Grant Town has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Grant Town
- The Sales Tax Rate for Grant Town is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grant Town 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 Grant Town
- The average income of a Grant Town resident is $22,770 a year. The US average is $28,555 a year.
- The Median household income of a Grant Town resident is $46,618 a year. The US average is $69,021 a year.