Martinsville, Virginia is a small city that has a lot to offer. Located in the foothills of the Blue Ridge Mountains, it is known for its beautiful scenery and outdoor activities. The town is home to local companies such as Bassett Furniture Industries and DuPont Teijin Films. There are many amenities available in Martinsville including shopping centers, parks, museums and churches. Educationally speaking, there are several public schools in the area such as Martinsville High School and Albert Harris Elementary School. The median rent for a two-bedroom apartment in Martinsville is $810 which is relatively lower than the US average of $1,430 for the same type of housing. Additionally, the grocery cost index in Martinsville stands at 93 versus 100 in the US on average meaning that groceries cost relatively less here than elsewhere making it an attractive option for potential residents.
Martinsville (zip 24112) has an unemployment rate of 9.1%. The US average is 6.0%.
Martinsville (zip 24112) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Martinsville (zip 24112)
- The Sales Tax Rate for Martinsville (zip 24112) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Martinsville (zip 24112) 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 Martinsville (zip 24112)
- The average income of a Martinsville (zip 24112) resident is $20,071 a year. The US average is $28,555 a year.
- The Median household income of a Martinsville (zip 24112) resident is $40,603 a year. The US average is $69,021 a year.