The Charleston, WV Metro Area is an excellent choice for those looking for a more affordable lifestyle. Renting a two-bedroom home is approximately $880, while the same living arrangement would cost $1430 nationwide. Grocery costs are also much lower as the index score of 96 places it 4 points below the national average of 100.
Charleston is home to many major employers such as Appalachian Power Company, Ritzy’s Fantastic Sams, Clendenin Lumber and Supply Company, and Fruth Pharmacy. The city also hosts Charleston Area Medical Center and Marshall University which employs thousands in the area. Furthermore, other major businesses located in the area include West Virginia American Water and Walgreens Drug Stores.
Charleston Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Charleston Metro Area has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Charleston Metro Area
- The Sales Tax Rate for Charleston Metro Area is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Charleston Metro Area 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 Charleston Metro Area
- The average income of a Charleston Metro Area resident is $26,851 a year. The US average is $28,555 a year.
- The Median household income of a Charleston Metro Area resident is $49,832 a year. The US average is $69,021 a year.