Rainelle, WV is a small town located in the Fayette County area. With a population of just over 1,400 residents, its more rural lifestyle makes it an attractive option for those looking to escape the hustle and bustle of the larger cities. The cost of living in Rainelle is lower than average in comparison to other parts of the country. For example, 2 bedroom rent in Rainelle is just $730 a month versus $1,430 nationwide. The grocery cost index in Rainelle is also lower at 93 compared to 100 nationally.
The city’s main commercial district is located on Main Street near the Fayette County Courthouse where local companies such as Chesapeake Appalachia LLC and New River Coal Co. offer employment opportunities to suit many different needs. There are also several smaller stores and restaurants located throughout town that can provide both convenience and entertainment to residents in the area.
Rainelle has an unemployment rate of 6.0%. The US average is 6.0%.
Rainelle 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 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Rainelle
- The Sales Tax Rate for Rainelle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rainelle 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 Rainelle
- The average income of a Rainelle resident is $15,452 a year. The US average is $28,555 a year.
- The Median household income of a Rainelle resident is $32,366 a year. The US average is $69,021 a year.