24055 Bassett, VA is a great place for those who are looking to save money on rent and groceries. The average 2 bedroom rent in this area is $770 compared to the US average of $1,430. This makes it much easier for individuals or couples to find affordable housing without sacrificing quality. Additionally, the grocery cost index in this area is 93 compared to the US which is 100. There are some great local companies in the area such as M&M Grocery, Bassett Pharmacy, and Ray's Hardware Store that offer goods at competitive prices which helps residents save even more on their living expenses.
Bassett (zip 24055) has an unemployment rate of 6.0%. The US average is 6.0%.
Bassett (zip 24055) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Bassett (zip 24055)
- The Sales Tax Rate for Bassett (zip 24055) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bassett (zip 24055) 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 Bassett (zip 24055)
- The average income of a Bassett (zip 24055) resident is $17,167 a year. The US average is $28,555 a year.
- The Median household income of a Bassett (zip 24055) resident is $33,757 a year. The US average is $69,021 a year.