The city of Roanoke, Virginia is a great place to live with an affordable cost of living and a wide variety of local attractions. 2 Bedroom Rent in Roanoke, VA is $960 which is much lower than the US average for 2 Bedroom Rent at $1,430. Additionally, the Grocery Cost Index in Roanoke is 95 versus 100 in the US making it even more attractive for potential residents. There are plenty of opportunities for entertainment and shopping, with notable companies like Carilion Clinic, Advance Auto Parts and Union Bank & Trust all having their headquarters in the city. The combination of affordability and access to amenities makes Roanoke an ideal place to live and work.
Roanoke (zip 24012) has an unemployment rate of 6.3%. The US average is 6.0%.
Roanoke (zip 24012) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Roanoke (zip 24012)
- The Sales Tax Rate for Roanoke (zip 24012) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Roanoke (zip 24012) 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 Roanoke (zip 24012)
- The average income of a Roanoke (zip 24012) resident is $23,473 a year. The US average is $28,555 a year.
- The Median household income of a Roanoke (zip 24012) resident is $48,930 a year. The US average is $69,021 a year.