Buchanan County, Virginia is an attractive area for many looking to settle down. It offers a lower cost of living compared to the US average, with 2 bedroom rent prices at $790 versus the US at $1,430, as well as a Grocery Cost Index of 92 compared to 100 in the US. The county also has a number of thriving businesses that provide employment opportunities such as Buchanan Lumber Company and Diversified Industrial Solutions. The county is also known for its beautiful countryside scenery, which provides plenty of recreational activities and outdoor attractions. In short, Buchanan County is an ideal place to live or work due to its lower costs of living, diverse businesses and beautiful landscapes- all great indicators of the local economy.
Buchanan County has an unemployment rate of 8.8%. The US average is 6.0%.
Buchanan County has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Buchanan County
- The Sales Tax Rate for Buchanan County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Buchanan 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 Buchanan County
- The average income of a Buchanan County resident is $21,975 a year. The US average is $37,638 a year.
- The Median household income of a Buchanan County resident is $37,093 a year. The US average is $69,021 a year.