24137 Penhook, VA is a desirable location due to its close proximity to local companies and services. This small town is home to several businesses such as the Mad Fox Brewery, which serves up craft beer, burgers, and pizzas; Floyd Country Store, selling goods from local farmers; and Blue Ridge Community College. There are also a number of other amenities located in or around Penhook including but not limited to a library, an arts center, a public pool, numerous parks and trails, and various restaurants. 2 bedroom rent in 24137 Penhook is $850 compared to the US average of $1,430. Also grocery cost index in 24137 Penhook is 103 versus 100 in the US. Therefore living in this community can be very affordable while still having access to all those great resources.
Penhook (zip 24137) has an unemployment rate of 4.8%. The US average is 6.0%.
Penhook (zip 24137) has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Penhook (zip 24137)
- The Sales Tax Rate for Penhook (zip 24137) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Penhook (zip 24137) 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 Penhook (zip 24137)
- The average income of a Penhook (zip 24137) resident is $50,038 a year. The US average is $37,638 a year.
- The Median household income of a Penhook (zip 24137) resident is $57,770 a year. The US average is $69,021 a year.