Zip 24340 (Glade Spring, VA) Economy


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24340 Glade Spring, VA is a great destination for those looking for an affordable lifestyle. The 2 bedroom rent in Glade Spring stands at $850 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Glade Spring also stands lower at 95 compared to 100 in the US.
The small town of 24340 Glade Spring is home to many local companies such as Clinch Valley Community Action, Thomas & Thomas LLP and The Maple Tree Restaurant. Visitors may enjoy the nearby attractions such as Ralph Stanley Museum, Virginia Creeper Trail and Appalachian Trail. As well as businesses, there are many employers in 24340 offering jobs in the area such as Emory & Henry College, Washington County Public Schools and Mountain States Health Alliance. The unemployment rate for the town remains relatively low due to its diverse range of job opportunities available to its residents and visitors alike.

Glade Spring (zip 24340) has an unemployment rate of 4.6%. The US average is 6.0%.

Glade Spring (zip 24340) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Glade Spring (zip 24340)
- The Sales Tax Rate for Glade Spring (zip 24340) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Glade Spring (zip 24340) 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 Glade Spring (zip 24340)
- The average income of a Glade Spring (zip 24340) resident is $21,531 a year. The US average is $28,555 a year.
- The Median household income of a Glade Spring (zip 24340) resident is $57,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGlade Spring, VirginiaUnited States
  4.66
  -4.6%-6.2%
  29.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $26,076$37,638
  $57,188$69,021
  $63,514$85,028
  Population by Occupation
  3.0%1.2%
  4.2%0.5%
  3.3%6.8%
  13.0%10.0%
  2.4%2.5%
  7.0%11.0%
  6.4%4.8%
  0.5%0.8%
  0.9%1.9%
  1.5%4.7%
  2.7%1.9%
  6.2%7.6%
  0.0%0.1%
  2.3%4.2%
  10.2%9.3%
  17.1%14.0%
  0.2%2.1%
  9.3%7.0%
  4.2%4.8%
  5.6%4.7%
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