Mineralwells, WV is a city with a population of less than 25,000 people. The cost of living here is relatively low, with the average two bedroom rent costing only $940 compared to the US average of $1,430. Grocery costs are also quite reasonable in Mineralwells as they are indexed at 101 versus 100 in the US. There are numerous local businesses that offer quality services to the residents of Mineralwells. Local banks such as City National Bank and First United Bank & Trust provide financial services and products to customers. Suncrest Auto Group provides car sales and repairs while Clendenin Lumber Company specializes in building materials for construction purposes. Finally, Little General Stores offers all your everyday convenience items at competitive prices.
Mineralwells has an unemployment rate of 6.7%. The US average is 6.0%.
Mineralwells 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 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Mineralwells
- The Sales Tax Rate for Mineralwells is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mineralwells 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 Mineralwells
- The average income of a Mineralwells resident is $26,633 a year. The US average is $28,555 a year.
- The Median household income of a Mineralwells resident is $91,146 a year. The US average is $69,021 a year.