Zip 22931 (Covesville, VA) Economy


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The small unincorporated village of 22931 Covesville, VA is a great place to call home. With a population of just under 500 people, it offers a cozy and quaint atmosphere perfect for those looking to enjoy the simple life. The average 2 Bedroom rent here is much more affordable than in other parts of the United States, at only $1,100 compared to $1,430 on average. Grocery Cost Index in this area is also lower than the US average, at 100 versus 100. There are plenty of local businesses around like Covesville General Store for your daily needs or Madison's Hometown Pharmacy for medical needs and prescriptions. If you're looking to settle down in a quiet rural community without sacrificing convenience and affordability then look no further than 22931 Covesville, VA!

Covesville (zip 22931) has an unemployment rate of 4.3%. The US average is 6.0%.

Covesville (zip 22931) has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.

Tax Rates for Covesville (zip 22931)
- The Sales Tax Rate for Covesville (zip 22931) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Covesville (zip 22931) 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 Covesville (zip 22931)
- The average income of a Covesville (zip 22931) resident is $48,085 a year. The US average is $28,555 a year.
- The Median household income of a Covesville (zip 22931) resident is $93,021 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCovesville, VirginiaUnited States
  4.36
  -7.3%-6.2%
  42.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $45,747$37,638
  $93,021$69,021
Family Median Income 85028
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