Romney, WV is a small town with great potential for families and businesses alike. The cost of living in Romney compared to the US as a whole is low, with 2 bedroom rent costing just $1,000 versus the US average of $1,430. This can be a great opportunity for those looking to save money while still having access to basic amenities. Grocery costs are also comparatively lower in Romney at 103 versus 100 in the US.
Romney has something for everyone; there are plenty of local companies that provide services and products such as Westvaco Corporation, Alderson Broaddus University, Orgill Incorporated, and Beckley-Raleigh County Convention and Visitors Bureau. All of these companies help to contribute to the growth of the local economy while providing much needed services to area residents and visitors alike. Whether you’re looking to relocate permanently or just want an affordable place to vacation or visit family, Romney offers it all at an unbeatable price point.
Romney has an unemployment rate of 4.4%. The US average is 6.0%.
Romney has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Romney
- The Sales Tax Rate for Romney is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Romney 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 Romney
- The average income of a Romney resident is $14,501 a year. The US average is $28,555 a year.
- The Median household income of a Romney resident is $34,342 a year. The US average is $69,021 a year.