Zip 24536 (Coleman Falls, VA) Economy


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United States / Virginia / Lynchburg Metro Area / Bedford County / No City / Coleman Falls (zip 24536)
24536 Coleman Falls, VA is a small town located in Amherst County. The median two bedroom rent in this area is $990 which is significantly lower than the US median two bedroom rent of $1,430. The grocery cost index here is 98 while the US index is 100 - meaning it's slightly more expensive to buy groceries in 24536 Coleman Falls, VA than the national average. Local companies in 24536 Coleman Falls, VA include Harris Farms, a family-owned farm supplying grass-fed beef and goat meat; Amherst Produce & Meat Co., supplying locally grown produce and meats; and Poluboy Lumber Co., offering custom millwork services for lumber.

Coleman Falls (zip 24536) has an unemployment rate of 4.7%. The US average is 6.0%.

Coleman Falls (zip 24536) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Coleman Falls (zip 24536)
- The Sales Tax Rate for Coleman Falls (zip 24536) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Coleman Falls (zip 24536) 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 Coleman Falls (zip 24536)
- The average income of a Coleman Falls (zip 24536) resident is $50,334 a year. The US average is $37,638 a year.
- The Median household income of a Coleman Falls (zip 24536) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColeman Falls, VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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