Amherst (zip 24521), Virginia 

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Economy in Amherst (zip 24521), Virginia

Amherst (zip 24521) has an unemployment rate of 4.5%. The US average is 5.2%.

Amherst (zip 24521) 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 35.0%, which is lower than the US average of 38.0%.

Tax Rates for Amherst (zip 24521)
- The Sales Tax Rate for Amherst (zip 24521) is 5.3%. The US average is 6.0%.
- The Income Tax Rate for Amherst (zip 24521) is 5.8%. The US average is 4.6%.

Income and Salaries for Amherst (zip 24521)
- The average income of a Amherst (zip 24521) resident is $22,389 a year. The US average is $28,555 a year.
- The Median household income of a Amherst (zip 24521) resident is $45,288 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYAmherst, VirginiaUnited States
  Unemployment Rate4.5%5.2%
  Recent Job Growth-0.2%1.6%
  Future Job Growth35.0%38.0%
  Sales Taxes5.3%6.0%
  Income Taxes5.8%4.6%
  Income per Cap.$22,389$28,555
  Household Income$45,288$53,482
  Family Median Income$55,906$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.7%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction7.1%6.2%
  Manufacturing16.2%10.4%
  Wholesale trade1.8%2.7%
  Retail trade8.9%11.6%
  Transportation and warehousing3.0%4.1%
  Utilities00
  Information0.4%2.1%
  Finance and insurance5.1%4.7%
  Real estate, rental, leasing1.7%1.9%
  Professional, scientific, technical services5.1%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs3.7%4.3%
  Educational services11.8%9.3%
  Health care and social assistance15.2%13.8%
  Arts, entertainment, recreation1.2%2.2%
  Accommodation, food services5.1%7.4%
  Other services6.8%4.9%
  Public administration4.3%4.8%
ECONOMY MAP
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