Wayne County, WV Economy


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Wayne, WV County is a great place to live due to its low cost of living. The average two bedroom rent is $830, which is significantly lower than the national average of $1,430. Additionally, groceries are also much cheaper in Wayne County; the Grocery Cost Index in Wayne County is 95 compared to 100 in the US. This makes it a very appealing place for people looking for an affordable area to live in. Local companies in Wayne County include Walmart, Kroger's and Lewis Drug Store. All three companies offer competitive prices and excellent customer service. With lower rent and grocery costs combined with great local businesses, Wayne County is an ideal location for anyone looking for a budget-friendly area with plenty of amenities nearby.

Wayne County has an unemployment rate of 6.2%. The US average is 6.0%.

Wayne County has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.

Tax Rates for Wayne County
- The Sales Tax Rate for Wayne County is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Wayne 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 Wayne County
- The average income of a Wayne County resident is $25,683 a year. The US average is $37,638 a year.
- The Median household income of a Wayne County resident is $45,591 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWayne, 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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