Zip 24078 (Collinsville, VA) Economy


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24078 Collinsville, VA is a great place to call home. Located in the foothills of the Blue Ridge Mountains, this small town offers stunning mountain views and plenty of outdoor activities for nature lovers. In addition to its picturesque setting, 2478 Collinsville also boasts low living costs due to its two-bedroom rent averaging at only $810 compared to $1,430 nationally. Grocery cost index here is also considerably lower than elsewhere in the US at 94 versus 100. Moreover, there are plenty of local companies and attractions that bring charm and character to this small town. Popular destinations include the International Motorsports Hall of Fame and Museum, Martinsville Speedway Race Track Complex, Piedmont Arts Association Gallery, historic Spencer-Penn Centre, and dozens of locally owned restaurants and shops. With its beautiful location and affordable lifestyle, 2478 Collinsville is an ideal place to call home!

Collinsville (zip 24078) has an unemployment rate of 6.0%. The US average is 6.0%.

Collinsville (zip 24078) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Collinsville (zip 24078)
- The Sales Tax Rate for Collinsville (zip 24078) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Collinsville (zip 24078) 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 Collinsville (zip 24078)
- The average income of a Collinsville (zip 24078) resident is $21,826 a year. The US average is $28,555 a year.
- The Median household income of a Collinsville (zip 24078) resident is $42,982 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCollinsville, VirginiaUnited States
  66
  -5.0%-6.2%
  31.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $21,926$37,638
  $42,982$69,021
  $48,424$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.0%6.8%
  24.9%10.0%
  2.2%2.5%
  9.8%11.0%
  4.1%4.8%
  1.2%0.8%
  1.4%1.9%
  1.3%4.7%
  0.0%1.9%
  1.5%7.6%
  0.8%0.1%
  1.5%4.2%
  9.8%9.3%
  16.8%14.0%
  1.0%2.1%
  6.6%7.0%
  7.3%4.8%
  2.8%4.7%
Health