Union, WV Economy


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Union, WV is a small town located in Monroe County, nestled in the Appalachian Mountains. It is home to a diverse range of businesses and attractions, making it an ideal location for those looking to escape the hustle and bustle of everyday life. Popular local companies and attractions include Union Pharmacy, a family-owned business that has been serving the local community since 1966; Saturday's Steakhouse & Seafood Restaurant, which serves up delicious meals with generous portions; The Loft on Main Street, which features local artisans selling their handmade items; and Lost World Caverns, a beautiful underground cave system with breathtaking stalactites and stalagmites. In addition to its many businesses and attractions, Union boasts affordable housing options with the average two bedroom rent being $760 compared to the national average of $1,430. The area also has an affordable Grocery Cost Index with Union scoring 94 versus the US index of 100. This makes it an excellent place to live for those wanting to enjoy all that rural living has to offer without breaking the bank.

Union has an unemployment rate of 4.7%. The US average is 6.0%.

Union has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.

Tax Rates for Union
- The Sales Tax Rate for Union is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Union 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 Union
- The average income of a Union resident is $16,594 a year. The US average is $28,555 a year.
- The Median household income of a Union resident is $34,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUnion, West VirginiaUnited States
  4.76
  -1.8%-6.2%
  37.2%33.5%
  6.0%6.2%
  6.0%4.6%
  $27,045$37,638
  $34,583$69,021
  $72,679$85,028
  Population by Occupation
  9.4%1.2%
  0.0%0.5%
  5.5%6.8%
  24.2%10.0%
  0.0%2.5%
  35.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  2.3%7.6%
  0.0%0.1%
  4.7%4.2%
  2.3%9.3%
  4.7%14.0%
  0.0%2.1%
  8.6%7.0%
  2.3%4.8%
  0.0%4.7%
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