Montgomery, WV is a small city with a population of 1,000 people. It offers affordable living with 2 bedroom rent at $710 and a Grocery Cost Index of 92 versus 100 in the US. The city has a few big employers including Gestamp, Inc., Cimbar Performance Minerals, LLC and Radimat Automotive-West Virginia, Inc. All of these companies specialize in different aspects of the industrial sector and offer local job opportunities. In addition to these major employers, Montgomery also has several small businesses that provide goods and services to the community. These businesses range from retail stores to restaurants and even medical offices. It’s a great place to live with plenty of job opportunities available for those looking for work in the area.
Montgomery has an unemployment rate of 7.8%. The US average is 6.0%.
Montgomery 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 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery
- The average income of a Montgomery resident is $17,181 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery resident is $23,371 a year. The US average is $69,021 a year.