Nelson, VA County is a great place to call home. With an average 2 bedroom rent of $1,400 per month, the cost of living is much lower than the US average, which is $1,430 per month. The county also has a grocery cost index of 99 versus 100 in the US. This makes it easier for people to feed their families without breaking the bank. Nelson County is home to many local businesses such as Nelson Hardwoods and Agile Networks. These companies employ many of the residents and help bring money into the economy. Other local attractions such as Crabtree Falls State Park bring in additional visitors from out of town seeking a taste of nature and outdoor recreation. These activities create more economic opportunities for locals while providing them with fun recreational activities they can enjoy with their families.
Nelson County has an unemployment rate of 4.7%. The US average is 6.0%.
Nelson County has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Nelson County
- The Sales Tax Rate for Nelson County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Nelson 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 Nelson County
- The average income of a Nelson County resident is $41,790 a year. The US average is $37,638 a year.
- The Median household income of a Nelson County resident is $67,707 a year. The US average is $69,021 a year.