Nicholas, WV County is an area with an affordable cost of living; 2 bedroom rent is $740 compared to $1,430 for the rest US, and grocery cost index is 96 versus 100 in the US. It has a thriving economy with businesses involved in many different industries. Millstone Industries, for example, specializes in manufacturing products. Smith Energy Solutions provides renewable energy solutions such as solar power and wind turbines. There are also numerous local restaurants ranging from Italian to Chinese cuisine. Lastly, Nicholas County is home to the popular tourist destination Nicholas Caverns which offers a variety of outdoor activities for visitors.
Nicholas County has an unemployment rate of 7.0%. The US average is 6.0%.
Nicholas County has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Nicholas County
- The Sales Tax Rate for Nicholas County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Nicholas 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 Nicholas County
- The average income of a Nicholas County resident is $22,898 a year. The US average is $37,638 a year.
- The Median household income of a Nicholas County resident is $42,946 a year. The US average is $69,021 a year.