Zip 24313 (Barren Springs, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Virginia / No Metro Area / Wythe County / No City / Barren Springs (zip 24313)
24313 Barren Springs, VA is a small community located in the rolling hills of Southwest Virginia. The cost of living in this area is far lower than the national average; 2 bedroom rent comes in at $920 compared to the US average of $1,430. Grocery costs are also lower with an index of 93 versus 100 nationally. Local businesses such as Southwestern Virginia Supply and Johnson's Eagle Hardware can be found in the area, providing residents with a variety of goods and services. Other local stores include Mooney's Country Store, Grady's Discount Grocery Outlet and Pinnacle Market Place for grocery needs. For entertainment, there are several restaurants including Hog Heaven BBQ & Grill and Moonshine County Line Tavern & Grill.

Barren Springs (zip 24313) has an unemployment rate of 5.3%. The US average is 6.0%.

Barren Springs (zip 24313) has seen the job market decrease by -4.3% 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 Barren Springs (zip 24313)
- The Sales Tax Rate for Barren Springs (zip 24313) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Barren Springs (zip 24313) 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 Barren Springs (zip 24313)
- The average income of a Barren Springs (zip 24313) resident is $17,434 a year. The US average is $37,638 a year.
- The Median household income of a Barren Springs (zip 24313) resident is $38,472 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBarren Springs, VirginiaUnited States
  5.36
  -4.3%-6.2%
  24.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $17,434$37,638
  $38,472$69,021
  $49,583$85,028
  Population by Occupation
  3.0%1.2%
  0.0%0.5%
  21.4%6.8%
  28.8%10.0%
  9.5%2.5%
  5.0%11.0%
  8.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.3%4.2%
  5.6%9.3%
  7.4%14.0%
  0.0%2.1%
  0.0%7.0%
  5.3%4.8%
  0.0%4.7%
Health