Radford, Virginia is a small city located in the New River Valley. Approximately 24,141 people live within the city limits of Radford and are served by a variety of local businesses. The average 2 Bedroom rent in the area is $880 compared to the US average of $1,430. The Grocery Cost Index in Radford is 98 versus 100 in the US. Local businesses such as Walmart and Kroger offer groceries for reasonable prices, with Walmart offering items for 10%-30% below the national average. Additionally, Home Depot and Lowes are major retailers providing home improvement services at competitive prices.
Radford (zip 24141) has an unemployment rate of 5.3%. The US average is 6.0%.
Radford (zip 24141) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Radford (zip 24141)
- The Sales Tax Rate for Radford (zip 24141) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Radford (zip 24141) 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 Radford (zip 24141)
- The average income of a Radford (zip 24141) resident is $29,427 a year. The US average is $37,638 a year.
- The Median household income of a Radford (zip 24141) resident is $53,576 a year. The US average is $69,021 a year.