Red Jacket, WV is a small town situated in the Appalachian Mountains of West Virginia. Despite its size, it is well known for its affordable housing and living costs. The median rent for a two bedroom apartment is $660, which is significantly lower than the national average of $1,430. Grocery costs are also lower in Red Jacket, with an index rating of 95 compared to the US average of 100.
The local economy benefits from businesses such as Harvey's Bar & Grill and Lumberjack Meats, both family owned establishments that offer fresh and flavorful food. There is also a local lumber company called Red Jacket Lumber & Supply which provides materials for both residential and commercial construction projects. These companies help to bring jobs to the community and serve as important drivers of economic growth.
Red Jacket has an unemployment rate of 9.9%. The US average is 6.0%.
Red Jacket has seen the job market decrease by -8.7% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Red Jacket
- The Sales Tax Rate for Red Jacket is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Red Jacket 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 Red Jacket
- The average income of a Red Jacket resident is $12,429 a year. The US average is $37,638 a year.
- The Median household income of a Red Jacket resident is $0 a year. The US average is $69,021 a year.