Craig, VA County is a small community located in the Appalachian Mountains of Virginia. It is known for its rural charm and close-knit community. As of 2019, the population was estimated to be around 5,500 people. The county features a low cost of living which includes rents that are lower than the national average. The median rent for a two bedroom home in Craig, VA County is $990 versus $1,430 nationally. Additionally, the Grocery Cost Index in Craig, VA County is 98 versus 100 in US as a whole.
When it comes to businesses, Craig boasts several local companies like Shenandoah Valley Enterprises which produces furniture and cabinets; Boot Hill Farm offering a camping experience; and Stone Mill Bakery & Cafe serving breakfast and lunch foods. All these local businesses contribute to the strong economy in Craig and make it an attractive place to live or visit.
Craig County has an unemployment rate of 4.5%. The US average is 6.0%.
Craig County has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Craig County
- The Sales Tax Rate for Craig County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Craig 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 Craig County
- The average income of a Craig County resident is $22,435 a year. The US average is $28,555 a year.
- The Median household income of a Craig County resident is $60,283 a year. The US average is $69,021 a year.