Fayette County, WV Economy


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United States / West Virginia / / Fayette County / Cities / Zip Codes
Fayette, WV County is a great place to live and work. The cost of living in the area is quite low, with 2 bedroom rent being only $800 per month compared to the US average of $1,430. Even groceries are lower than the national average, with a grocery cost index of 92 versus 100 in the US. Local companies include Fayetteville Manufacturing Company, New River Mining Company and West Virginia Forestry Services. All three companies offer good wages and benefits for their employees and a safe working environment. With all these advantages, Fayette, WV County is an ideal place to live and work!

Fayette County has an unemployment rate of 7.8%. The US average is 6.0%.

Fayette County has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Fayette County
- The Sales Tax Rate for Fayette County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette County
- The average income of a Fayette County resident is $22,677 a year. The US average is $37,638 a year.
- The Median household income of a Fayette County resident is $45,988 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFayette, 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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