Zip 24639 (Raven, VA) Economy


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United States / Virginia / No Metro Area / Buchanan County / Raven / Raven (zip 24639)
24639 Raven, VA is a rural community located in Russell County. This tight knit community offers locals and visitors a chance to experience small town life. The 2-bedroom rent price in Raven is $720, which is significantly lower than the US average of $1,430. This makes it an ideal location for people looking for a home at an affordable price. Moreover, the groceries cost index in Raven is 93 compared to 100 in the US making it an economical place to live as well. Residents of 24639 have access to numerous local businesses such as the Creekwood Market, Appalachian Trail Outfitters and Shaffer's Grocery. They can find all of their needs under one roof at these stores.

Raven (zip 24639) has an unemployment rate of 8.8%. The US average is 6.0%.

Raven (zip 24639) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.

Tax Rates for Raven (zip 24639)
- The Sales Tax Rate for Raven (zip 24639) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Raven (zip 24639) 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 Raven (zip 24639)
- The average income of a Raven (zip 24639) resident is $14,049 a year. The US average is $28,555 a year.
- The Median household income of a Raven (zip 24639) resident is $36,373 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRaven, VirginiaUnited States
  8.86
  -9.8%-6.2%
  15.0%33.5%
  5.3%6.2%
  5.8%4.6%
  $18,623$37,638
  $36,373$69,021
  $43,536$85,028
  Population by Occupation
  0.9%1.2%
  3.7%0.5%
  1.3%6.8%
  5.4%10.0%
  3.8%2.5%
  18.4%11.0%
  0.9%4.8%
  0.4%0.8%
  0.0%1.9%
  0.6%4.7%
  0.8%1.9%
  2.2%7.6%
  0.0%0.1%
  9.9%4.2%
  19.7%9.3%
  14.4%14.0%
  0.0%2.1%
  4.7%7.0%
  4.2%4.8%
  8.5%4.7%
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