Zip 24422 (Clifton Forge, VA) Economy


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United States / Virginia / No Metro Area / Alleghany County / Clifton Forge / Clifton Forge (zip 24422)
24422 Clifton Forge, VA is a vibrant community located in Alleghany County. It has a diverse population of over 2,300 residents. The average two bedroom rent is $910 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Clifton Forge is 94 compared to 100 for the national average. This means that groceries are much more affordable in Clifton Forge.
The town of Clifton Forge offers a variety of amenities to its citizens. Residents here can enjoy numerous restaurants such as A&W and local favorites like Murdac's Deli & Grill and Pinehurst Restaurant & Lounge. There are also several shopping options available such as Matthews' Pharmacy and Bonners Department Store. For entertainment, there's always something going on from movie nights at the Masonic Theatre to festivals like the annual Virginia Iron Festival or summer concerts at the Belcher-Gillespie Amphitheater. Finally, Clifton Forge also has excellent health care facilities such as Alleghany Regional Hospital and many recreation options like outdoor trails and parks for residents to enjoy year round.

Clifton Forge (zip 24422) has an unemployment rate of 5.4%. The US average is 6.0%.

Clifton Forge (zip 24422) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.

Tax Rates for Clifton Forge (zip 24422)
- The Sales Tax Rate for Clifton Forge (zip 24422) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Clifton Forge (zip 24422) 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 Clifton Forge (zip 24422)
- The average income of a Clifton Forge (zip 24422) resident is $26,290 a year. The US average is $37,638 a year.
- The Median household income of a Clifton Forge (zip 24422) resident is $46,034 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClifton Forge, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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