Zip 24224 (Castlewood, VA) Economy


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United States / Virginia / No Metro Area / Russell County / Castlewood / Castlewood (zip 24224)
24224 Castlewood, VA is a great place for those looking to rent an affordable apartment as the average 2 bedroom rent is $810 compared to the US average rent of $1,430. Groceries in this area are relatively inexpensive as well; with a Grocery Cost Index of 93 compared to 100 in the US. There are many companies that offer groceries in 24224 Castlewood, VA such as Walmart Supercenter, Food City, Piggly Wiggly and Aldi. The most popular neighborhoods include Meadow View Estates and Castlewood East which have plenty of amenities nearby such as parks, restaurants and shops.

Castlewood (zip 24224) has an unemployment rate of 5.8%. The US average is 6.0%.

Castlewood (zip 24224) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.

Tax Rates for Castlewood (zip 24224)
- The Sales Tax Rate for Castlewood (zip 24224) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Castlewood (zip 24224) 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 Castlewood (zip 24224)
- The average income of a Castlewood (zip 24224) resident is $18,508 a year. The US average is $28,555 a year.
- The Median household income of a Castlewood (zip 24224) resident is $41,610 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCastlewood, VirginiaUnited States
  5.86
  -3.6%-6.2%
  18.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $22,074$37,638
  $41,610$69,021
  $49,861$85,028
  Population by Occupation
  3.4%1.2%
  2.9%0.5%
  9.9%6.8%
  11.3%10.0%
  2.1%2.5%
  7.4%11.0%
  2.4%4.8%
  3.0%0.8%
  0.7%1.9%
  4.1%4.7%
  0.0%1.9%
  3.8%7.6%
  0.0%0.1%
  2.6%4.2%
  17.2%9.3%
  10.5%14.0%
  0.5%2.1%
  5.1%7.0%
  4.5%4.8%
  8.6%4.7%
Health