Clay County, WV Economy


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Clay, WV County is an affordable place to live, offering great value for money. The average rent for a two bedroom apartment is $910 which is much lower than the national average of $1,430. In addition, the cost of living here is 96 of the US national index, making groceries and other necessities more affordable. Clay also offers a variety of local businesses and services that cater to residents' needs. Some local companies include Clay Home Center for home improvement supplies and Greenwood Auto Body for auto repairs. Other services offered in town include Garretson's Grocery Store for groceries and Barger Veterinary Clinic for animal care. With its lower cost of living and nearby businesses, Clay is an attractive area to live in.

Clay County has an unemployment rate of 9.8%. The US average is 6.0%.

Clay County has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 17.6%, which is lower than the US average of 33.5%.

Tax Rates for Clay County
- The Sales Tax Rate for Clay County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clay County is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Clay County
- The average income of a Clay County resident is $19,149 a year. The US average is $37,638 a year.
- The Median household income of a Clay County resident is $37,197 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClay, West VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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