Zip 22840 (Massanutten, VA) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
22840 Massanutten, VA is a small town nestled in the Shenandoah Valley of Virginia. With a population of 751, it is an ideal place for people looking to enjoy peaceful country living without being too far from the city. The 2-bedroom rent in 22840 Massanutten, VA is remarkably $1,390 compared to US average of $1,430. Additionally, the Grocery Cost Index in Massanutten is 99 versus 100 in the US which makes life more affordable for residents here.
There are several local companies located in the area such as Crossroads Veterinary Clinic and Doggie Spa, Shenandoah Valley Carpet Cleaning, Phishopolis Music Studio and so on that provide good employment opportunities for locals. With its many benefits such as lower rent costs and cost of living expenses combined with ample job opportunities, 22840 Massanutten is an attractive option for people who want to settle down and live peacefully away from the hustle and bustle of city life.

Massanutten (zip 22840) has an unemployment rate of 4.0%. The US average is 6.0%.

Massanutten (zip 22840) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.

Tax Rates for Massanutten (zip 22840)
- The Sales Tax Rate for Massanutten (zip 22840) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Massanutten (zip 22840) 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 Massanutten (zip 22840)
- The average income of a Massanutten (zip 22840) resident is $42,040 a year. The US average is $28,555 a year.
- The Median household income of a Massanutten (zip 22840) resident is $82,364 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMassanutten, VirginiaUnited States
  46
  -5.4%-6.2%
  35.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $50,162$37,638
  $82,364$69,021
  $86,790$85,028
  Population by Occupation
  0.9%1.2%
  0.4%0.5%
  3.3%6.8%
  11.3%10.0%
  3.8%2.5%
  8.3%11.0%
  5.7%4.8%
  0.4%0.8%
  0.2%1.9%
  4.0%4.7%
  2.4%1.9%
  8.9%7.6%
  0.3%0.1%
  0.8%4.2%
  19.2%9.3%
  11.5%14.0%
  3.4%2.1%
  8.0%7.0%
  3.9%4.8%
  3.3%4.7%
Health