24066 Buchanan, VA is a rural town located in Botetourt County. According to recent data, the average rent for a 2 bedroom apartment in the area is around $870 which is significantly lower than the national average of $1430. Additionally, the grocery cost index in this locality is 96 which has cheaper prices than the US average of 100. This makes living in Buchanan much more affordable. The town offers various local businesses such as Bailey’s Automotive Repair, Queen City Motors, and Moseley Auto Parts that provide services related to car repair and maintenance. It also has companies like Advance Auto Parts and Claytor Lake Market that supply automobile parts and offer groceries respectively.
Buchanan (zip 24066) has an unemployment rate of 4.0%. The US average is 6.0%.
Buchanan (zip 24066) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Buchanan (zip 24066)
- The Sales Tax Rate for Buchanan (zip 24066) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Buchanan (zip 24066) 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 Buchanan (zip 24066)
- The average income of a Buchanan (zip 24066) resident is $27,452 a year. The US average is $37,638 a year.
- The Median household income of a Buchanan (zip 24066) resident is $53,116 a year. The US average is $69,021 a year.