Zip 24312 (Austinville, VA) Economy


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United States / Virginia / No Metro Area / Wythe County / Austinville / Austinville (zip 24312)
Austinville, VA 24312 is an affordable place to live, with a two bedroom apartment renting in the area for just $820 compared to the national average of $1,430. Living costs in Austinville are even more attractive due to the grocery cost index of 94, which is lower than the US average of 100. This small town is located close to the New River and has several local businesses including The New River Sporting Goods store, Austinville Brewery, and Blue Ridge Outfitters. The friendly community provides a great spot for anyone looking for a peaceful place to settle down and enjoy nature without sacrificing access to amenities.

Austinville (zip 24312) has an unemployment rate of 5.3%. The US average is 6.0%.

Austinville (zip 24312) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Austinville (zip 24312)
- The Sales Tax Rate for Austinville (zip 24312) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Austinville (zip 24312) 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 Austinville (zip 24312)
- The average income of a Austinville (zip 24312) resident is $16,723 a year. The US average is $28,555 a year.
- The Median household income of a Austinville (zip 24312) resident is $31,902 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAustinville, VirginiaUnited States
  5.36
  -4.3%-6.2%
  24.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $19,441$37,638
  $31,902$69,021
  $38,786$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  7.3%6.8%
  16.9%10.0%
  17.4%2.5%
  20.5%11.0%
  5.9%4.8%
  0.0%0.8%
  1.2%1.9%
  0.0%4.7%
  0.0%1.9%
  1.0%7.6%
  0.0%0.1%
  0.0%4.2%
  7.5%9.3%
  4.7%14.0%
  0.0%2.1%
  5.4%7.0%
  2.1%4.8%
  5.6%4.7%
Health