Stonewood, WV is a small town with plenty of charm and character. It offers residents and visitors alike an array of attractions, activities, and amenities. The cost of living here is quite low; the average 2-bedroom rent is only $550 compared to the national average of $1,430. Additionally, its grocery cost index stands at 96 compared to the U.S.'s 100 - lower than the national average. \nSome popular local companies in Stonewood are Stonewood Tire & Auto Service, Stonewood Properties LLC., and Stonewood Appliances Inc. These establishments provide locals with quality products and services that have helped foster growth and development in the town over many years.
Stonewood has an unemployment rate of 5.8%. The US average is 6.0%.
Stonewood has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Stonewood
- The Sales Tax Rate for Stonewood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Stonewood 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 Stonewood
- The average income of a Stonewood resident is $21,604 a year. The US average is $28,555 a year.
- The Median household income of a Stonewood resident is $48,125 a year. The US average is $69,021 a year.