Wood County, WV Economy


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Wood, WV County is an area in the state of West Virginia that is known for its low living costs. Renting a two bedroom apartment is much cheaper than the US average at $790, and grocery costs are also lower with an index of 99 compared to 100 in the US. There are several local businesses located in Wood WV County including Yoder’s Grocery Store, Flinn’s Automotive Services, and Martin’s Hardware Store. These local companies provide much needed services to the community and contribute to the economy of Wood WV County.

Wood County has an unemployment rate of 6.7%. The US average is 6.0%.

Wood County has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.

Tax Rates for Wood County
- The Sales Tax Rate for Wood County is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Wood 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 Wood County
- The average income of a Wood County resident is $29,176 a year. The US average is $37,638 a year.
- The Median household income of a Wood County resident is $50,231 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWood, 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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