24588 Rustburg, VA is a thriving small city with a population of around 1,800. It is part of Campbell County, and the cost of living is low compared to many other locations in the United States. Renting a two-bedroom apartment in this area costs just $820 per month, while nationally it averages at $1,430. The grocery cost index here is 97 versus 100 in the US.
The local economy of 24588 Rustburg consists mainly of small businesses and light industry such as manufacturing and construction companies. Some popular local companies are Rusty's Gunsmithing shop, B&S Grocery Store, and Craftworkz Carpentry. There are also plenty of shopping options available nearby, including Walmart Supercenter and Kohl's Department Stores. Additionally, there are several outdoor activities to enjoy in 24588 Rustburg - hiking trails at Claytor Lake State Park are popular amongst locals, as well as fishing spots along the Staunton River.
Rustburg (zip 24588) has an unemployment rate of 5.0%. The US average is 6.0%.
Rustburg (zip 24588) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Rustburg (zip 24588)
- The Sales Tax Rate for Rustburg (zip 24588) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Rustburg (zip 24588) 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 Rustburg (zip 24588)
- The average income of a Rustburg (zip 24588) resident is $27,854 a year. The US average is $37,638 a year.
- The Median household income of a Rustburg (zip 24588) resident is $55,999 a year. The US average is $69,021 a year.