Roanoke County is located in the Blue Ridge Mountains of Virginia and is home to a diverse economic landscape. The county boasts a relatively low 2 bedroom rent at $990 compared to the US average of $1,430. Additionally, Roanoke's Grocery Cost Index is 99, which is lower than the National Average of 100. The county offers a variety of businesses that support its population. Notable companies include Advance Auto Parts, Carilion Clinic, Goodyear Tire & Rubber Co., and Valley Star Credit Union. Roanoke County is also an important center for transportation services as it houses several trucking companies such as ABF Freight System and Pitt Ohio Express. In addition, there are many other small local businesses that contribute to the diverse economy of Roanoke County.
Roanoke County has an unemployment rate of 4.1%. The US average is 6.0%.
Roanoke 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Roanoke County
- The Sales Tax Rate for Roanoke County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Roanoke 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 Roanoke County
- The average income of a Roanoke County resident is $39,999 a year. The US average is $37,638 a year.
- The Median household income of a Roanoke County resident is $74,622 a year. The US average is $69,021 a year.