McDowell County, West Virginia is an ideal place to live and work. The cost of living is significantly lower than the US average, with 2 bedroom rent at $740 compared to the US average of $1,430. Groceries also cost less; McDowell's Grocery Cost Index is 89 compared to the US rate of 100. There are several local businesses in McDowell County that provide services and products for residents including Welch Supermarket, World Wide Food Distribution, and Mike's Quality Meats. These companies provide quality food items and other goods at a fraction of the price you would find in other areas. Additionally, there are many small businesses offering unique services to local communities such as auto repair shops, clothing stores, beauty salons and spas. All of these businesses contribute to making McDowell County a great place to live and work.
McDowell County has an unemployment rate of 9.7%. The US average is 6.0%.
McDowell County has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 15.9%, which is lower than the US average of 33.5%.
Tax Rates for McDowell County
- The Sales Tax Rate for McDowell County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for McDowell 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 McDowell County
- The average income of a McDowell County resident is $14,813 a year. The US average is $28,555 a year.
- The Median household income of a McDowell County resident is $30,127 a year. The US average is $69,021 a year.