Montvale, VA is a great place to live with its 24122 population. The 2 bedroom rent in this area is $840, which is significantly lower than the US average of $1,430. Additionally, grocery cost index here is 97 versus 100 in the US. This makes Montvale an attractive option for individuals and families looking for a better quality of life. \nThe local companies that make up the town's thriving economy include Walmart Supercenter, Lowes Home Improvement, and Maxi-Mart Grocery Store. There are also plenty of banks and other services such as post office and library in Montvale area. Furthermore, residents can enjoy several parks of different sizes and styles nearby where they can spend time with family or take part in various recreational activities.
Montvale (zip 24122) has an unemployment rate of 4.7%. The US average is 6.0%.
Montvale (zip 24122) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Montvale (zip 24122)
- The Sales Tax Rate for Montvale (zip 24122) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Montvale (zip 24122) 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 Montvale (zip 24122)
- The average income of a Montvale (zip 24122) resident is $28,042 a year. The US average is $37,638 a year.
- The Median household income of a Montvale (zip 24122) resident is $57,796 a year. The US average is $69,021 a year.