Zip 24604 (Bishop, VA) Economy


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24604 Bishop, VA is a great place to live for those looking for an affordable lifestyle. The average 2 Bedroom rent in the area is $710, almost half the US average of $1,430. Additionally, the Grocery Cost Index in 24604 Bishop is 88 versus 100 in the US making food costs relatively inexpensive. There are many local businesses to explore in 24604 Bishop such as Blue Ridge Pizza Company and E&E Barbecue Restaurant that offer delicious meals at reasonable prices. Overall, 24604 Bishop has a low cost of living making it ideal for those who want to save money without sacrificing on amenities or activities.

Bishop (zip 24604) has an unemployment rate of 6.3%. The US average is 6.0%.

Bishop (zip 24604) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.

Tax Rates for Bishop (zip 24604)
- The Sales Tax Rate for Bishop (zip 24604) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bishop (zip 24604) 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 Bishop (zip 24604)
- The average income of a Bishop (zip 24604) resident is $11,684 a year. The US average is $37,638 a year.
- The Median household income of a Bishop (zip 24604) resident is $22,713 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBishop, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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