Zip 24517 (Altavista, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
24517 Altavista, VA is an ideal city to live in due to its affordable rent and low cost of living. For example, the average 2 bedroom rental in this area is $790 which is significantly lower than the US average of $1,430. Similarly, the grocery cost index in Altavista is 95 compared to 100 in the US which further adds to its appeal as a desirable place for those looking for a comfortable lifestyle at a reasonable cost. Additionally, there are several local businesses such as Davenport Motors and Bank of Charlotte County that offer residents with basic amenities and services they may need. All these features make 24517 Altavista an attractive option for those looking for a quality life at an economical price.

Altavista (zip 24517) has an unemployment rate of 5.0%. The US average is 6.0%.

Altavista (zip 24517) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.

Tax Rates for Altavista (zip 24517)
- The Sales Tax Rate for Altavista (zip 24517) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Altavista (zip 24517) 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 Altavista (zip 24517)
- The average income of a Altavista (zip 24517) resident is $22,927 a year. The US average is $28,555 a year.
- The Median household income of a Altavista (zip 24517) resident is $39,767 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAltavista, VirginiaUnited States
  56
  -5.6%-6.2%
  29.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $26,650$37,638
  $39,767$69,021
  $61,688$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  6.4%6.8%
  29.9%10.0%
  3.7%2.5%
  13.5%11.0%
  3.8%4.8%
  0.4%0.8%
  2.5%1.9%
  1.5%4.7%
  0.0%1.9%
  2.6%7.6%
  0.0%0.1%
  5.6%4.2%
  8.6%9.3%
  12.1%14.0%
  0.8%2.1%
  2.0%7.0%
  3.1%4.8%
  2.8%4.7%
Health