24018 Cave Spring, VA is a community located near Roanoke in the beautiful Blue Ridge Mountains. The area is known for its outdoor activities, such as hiking and biking, fishing, hunting and nearby Smith Mountain Lake. It has a small-town feel with an excellent school system and low crime rate. The two bedroom rent in this area is $1120 which is significantly lower than the US average of $1430. Additionally, the grocery cost index in 24018 Cave Spring is 101 versus 100 in the US making it affordable to live here. The local economy includes larger employers such as Carilion Clinic and Valley Business Systems as well as many small businesses. There are plenty of attractions to visit nearby such as Dixie Caverns or the Virginia Museum of Transportation. Outdoors enthusiasts can take advantage of numerous parks for camping or fishing and enjoy all that this scenic mountain town has to offer.
Cave Spring (zip 24018) has an unemployment rate of 4.1%. The US average is 6.0%.
Cave Spring (zip 24018) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Cave Spring (zip 24018)
- The Sales Tax Rate for Cave Spring (zip 24018) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cave Spring (zip 24018) 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 Cave Spring (zip 24018)
- The average income of a Cave Spring (zip 24018) resident is $47,702 a year. The US average is $37,638 a year.
- The Median household income of a Cave Spring (zip 24018) resident is $81,957 a year. The US average is $69,021 a year.