24460 Millboro, VA is an affordable area to live. The 2 bedroom rent in the area is $800, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in 24460 Millboro is 98 versus 100 in the US. For this reason, people looking for a place to live that fits their budget will be satisfied with this location. There are many local businesses in 24460 Millboro such as Rivermont Farm Supply Store, Jack Mountain Cafe and Country Store, and Nelson's Custom Meats & Groceries that offer goods and services to locals. 24460 Millboro also has some great outdoor activities like biking on Alleghany Trail or fishing at Back Creek Valley Park for visitors.
Millboro (zip 24460) has an unemployment rate of 6.9%. The US average is 6.0%.
Millboro (zip 24460) has seen the job market decrease by -15.1% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Millboro (zip 24460)
- The Sales Tax Rate for Millboro (zip 24460) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Millboro (zip 24460) 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 Millboro (zip 24460)
- The average income of a Millboro (zip 24460) resident is $31,435 a year. The US average is $37,638 a year.
- The Median household income of a Millboro (zip 24460) resident is $40,227 a year. The US average is $69,021 a year.