Botetourt County, VA is a great place to live. The average two bedroom rent in the county is $990, which is significantly lower than the national rate of $1,430. In addition to lower rent prices, the grocery cost index in Botetourt County is 99 versus 100 in the US. This makes it an affordable area for families and individuals alike. Major companies based in Botetourt County include American Electric Power, Carilion Clinic and General Dynamics IT Solutions. Other well-known employers in the area are Walmart Distribution Center, BASF Corporation and Belden Electronics. With so many great businesses calling Botetourt County home, it's no surprise that it has become an attractive destination for those looking for a convenient and affordable place to live.
Botetourt County has an unemployment rate of 4.0%. The US average is 6.0%.
Botetourt County has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Botetourt County
- The Sales Tax Rate for Botetourt County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Botetourt County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Botetourt County
- The average income of a Botetourt County resident is $37,525 a year. The US average is $37,638 a year.
- The Median household income of a Botetourt County resident is $72,941 a year. The US average is $69,021 a year.