Martinsville, VA Metro Area is a great place to live and work. The area has good value for money when it comes to rent, with the average two bedroom rent at $790, compared with the US average of $1,430. Additionally, grocery costs are lower than the national average too – 93 versus 100 – making it more affordable to maintain day-to-day living expenses. There are plenty of employment opportunities in the region too; some popular companies that have offices in Martinsville include Carilion Clinic, Brightlabs Inc., Bill Black Chevrolet Buick GMC Cadillac, and The Hooker Furniture Corporation.
Martinsville Metro Area has an unemployment rate of 6.6%. The US average is 6.0%.
Martinsville Metro Area has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Martinsville Metro Area
- The Sales Tax Rate for Martinsville Metro Area is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Martinsville Metro Area is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Martinsville Metro Area
- The average income of a Martinsville Metro Area resident is $24,181 a year. The US average is $37,638 a year.
- The Median household income of a Martinsville Metro Area resident is $40,299 a year. The US average is $69,021 a year.