New Martinsville, WV is a small town located in Wetzel County in the state of West Virginia. It is home to several local businesses such as the New Martinsville Detwiler Oil Company and the New Martinsville Glass Company. Living in New Martinsville offers residents a lower cost of living compared to the average US city. For example, rent for a two bedroom apartment is $990 which is significantly less than the national average of $1,430. Additionally, groceries are cheaper with a Grocery Cost Index of 100 versus 100 for the US as a whole. Therefore, people who choose to live in New Martinsville can save a significant amount of money on their monthly expenses.
New Martinsville has an unemployment rate of 8.3%. The US average is 6.0%.
New Martinsville has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for New Martinsville
- The Sales Tax Rate for New Martinsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Martinsville 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 New Martinsville
- The average income of a New Martinsville resident is $24,813 a year. The US average is $37,638 a year.
- The Median household income of a New Martinsville resident is $48,147 a year. The US average is $69,021 a year.