The small town of Rhoadesville, Virginia (22542) is a peaceful and tight knit community. This rural town is only about 35 miles away from the state capital, Richmond, making it an ideal place for families to settle down and raise their children. The cost of living in Rhoadesville is relatively low compared to other towns in Virginia. The average 2 bedroom rent is $860, which is much lower than the US average of $1,430. Additionally, grocery costs are generally cheap with a Grocery Cost Index score of 98 versus the US score of 100.
To support its local economy, Rhoadesville has several local businesses that contribute significantly to its growth. For example, Fork Union Supply Co., Inc., founded in 1987, supplies job-site rental equipment and tool sales to contractors throughout the area while White's Farm & Garden Center Ltd., has been serving customers since 1995 with garden supplies such as fertilizer and seedlings as well as pet supplies such as bird feeders and dog kennels. Moreover, D&D Motors provides quality auto repair services at reasonable rates for the residents of Rhoadesville since 1981. All these companies are essential parts of the economic fabric of Rhoadesville and continue to provide quality services year after year.
Rhoadesville (zip 22542) has an unemployment rate of 4.9%. The US average is 6.0%.
Rhoadesville (zip 22542) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Rhoadesville (zip 22542)
- The Sales Tax Rate for Rhoadesville (zip 22542) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Rhoadesville (zip 22542) 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 Rhoadesville (zip 22542)
- The average income of a Rhoadesville (zip 22542) resident is $34,230 a year. The US average is $37,638 a year.
- The Median household income of a Rhoadesville (zip 22542) resident is $78,946 a year. The US average is $69,021 a year.