Zip 24225 (Cleveland, VA) Economy


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United States / Virginia / No Metro Area / Russell County / Cleveland / Cleveland (zip 24225)
24225 Cleveland, VA is an affordable place to live compared to the U.S. average. The median 2 Bedroom rent in the area is $720, while the U.S. median rent for a 2 bedroom is $1,430. Additionally, grocery costs in 24225 are lower than the national average with a Grocery Cost Index of 93 versus 100 nationally. There are many local companies that offer rental apartments at competitive rates including Davis Property Management which offers two bedrooms for around $650 per month and Park View Estates which offers two bedrooms up to $750 per month. With such affordable housing options, 24225 Cleveland, VA is an attractive place to live or raise a family while keeping costs low.

Cleveland (zip 24225) has an unemployment rate of 5.8%. The US average is 6.0%.

Cleveland (zip 24225) 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 Cleveland (zip 24225)
- The Sales Tax Rate for Cleveland (zip 24225) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 24225) 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 Cleveland (zip 24225)
- The average income of a Cleveland (zip 24225) resident is $16,804 a year. The US average is $28,555 a year.
- The Median household income of a Cleveland (zip 24225) resident is $27,354 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCleveland, VirginiaUnited States
  5.86
  -3.6%-6.2%
  18.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $18,004$37,638
  $27,354$69,021
  $55,426$85,028
  Population by Occupation
  3.4%1.2%
  3.9%0.5%
  4.1%6.8%
  15.6%10.0%
  0.0%2.5%
  8.3%11.0%
  4.8%4.8%
  0.0%0.8%
  0.3%1.9%
  0.8%4.7%
  0.0%1.9%
  0.8%7.6%
  0.0%0.1%
  13.9%4.2%
  2.2%9.3%
  11.2%14.0%
  0.0%2.1%
  17.0%7.0%
  2.2%4.8%
  11.4%4.7%
Health