Valley Grove, WV is a small town located in the North Central region of West Virginia. The area offers a lower cost of living than other nearby towns and cities, allowing people to live comfortably on a budget. With 2 bedroom rent averaging $880 per month, Valley Grove remains an affordable option for those looking to rent. Renters can also take advantage of many local businesses in Valley Grove including Grocery stores like Smiths Market and hardware stores like Lockman Hardware. The local grocery cost index is 98 versus the national average being 100. This means that groceries are much cheaper compared to other areas making life more affordable for locals. All of these factors contribute to Valley Grove being an ideal place for renters looking for an affordable option when it comes to housing.
Valley Grove has an unemployment rate of 6.2%. The US average is 6.0%.
Valley Grove has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Valley Grove
- The Sales Tax Rate for Valley Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Valley Grove 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 Valley Grove
- The average income of a Valley Grove resident is $24,362 a year. The US average is $28,555 a year.
- The Median household income of a Valley Grove resident is $45,536 a year. The US average is $69,021 a year.