Zip 24416 (Buena Vista, VA) Economy


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United States / Virginia / No Metro Area / Buena Vista City County / Buena Vista / Buena Vista (zip 24416)
24416 Buena Vista, VA is a great place to live with a very reasonable cost of living. The average 2 bedroom rent is only $690, which is much lower than the US average of $1,430. Additionally, the local grocery cost index of 95 compares favorably to US national average of 100. Located in the foothills of the Blue Ridge Mountains, there are many outdoor activities to enjoy such as hiking or fishing at Smith Mountain Lake. For those looking for services or companies close by there are several options including Walmart Supercenter located just four miles away, Advance Auto Parts for car parts and repair just three miles away, Valley Feed & Supply for pet supplies two and a half miles away and Setliff Hardware two miles away.

Buena Vista (zip 24416) has an unemployment rate of 4.4%. The US average is 6.0%.

Buena Vista (zip 24416) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Buena Vista (zip 24416)
- The Sales Tax Rate for Buena Vista (zip 24416) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Buena Vista (zip 24416) 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 Buena Vista (zip 24416)
- The average income of a Buena Vista (zip 24416) resident is $18,501 a year. The US average is $28,555 a year.
- The Median household income of a Buena Vista (zip 24416) resident is $44,153 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuena Vista, VirginiaUnited States
  4.46
  -13.6%-6.2%
  31.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $29,558$37,638
  $44,153$69,021
  $52,396$85,028
  Population by Occupation
  1.0%1.2%
  0.6%0.5%
  2.9%6.8%
  12.8%10.0%
  0.3%2.5%
  12.1%11.0%
  1.0%4.8%
  1.1%0.8%
  0.0%1.9%
  2.1%4.7%
  1.0%1.9%
  1.4%7.6%
  0.0%0.1%
  3.3%4.2%
  15.1%9.3%
  12.3%14.0%
  0.7%2.1%
  21.0%7.0%
  6.6%4.8%
  4.8%4.7%
Health