equestId":"b3b99aa2-db9a-45cb-8fbf-665591dbf4ac","resource":"content","data":[{"id":"txt_d1d82c109ac2410cb9c8ee94f07345f3","text":", and explain cost of living\nPennsboro, West Virginia is a charming small town with a population of just under 1,500 people. It is located in Ritchie County and offers a cozy rural atmosphere. Pennsboro's economy is largely based on mining and agriculture. The town has several local businesses such as the Bank of Ritchie, Wirtz Ford-Lincoln, and Smith Brothers Services LLC to provide employment opportunities for its residents. The cost of living in Pennsboro is lower than the US average. For example, two bedroom rent in Pennsboro is $650 compared to $1,430 nationally while grocery costs have an index of 96 versus 100 in the US . Residents enjoy the advantages of living in a smaller town without having to sacrifice too much on their income.
Pennsboro has an unemployment rate of 7.1%. The US average is 6.0%.
Pennsboro has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Pennsboro
- The Sales Tax Rate for Pennsboro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Pennsboro 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 Pennsboro
- The average income of a Pennsboro resident is $20,295 a year. The US average is $37,638 a year.
- The Median household income of a Pennsboro resident is $43,991 a year. The US average is $69,021 a year.