Zip 24590 (Scottsville, VA) Economy


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24590 Scottsville, VA is a great place to live and raise a family. It has a 2 Bedroom Rent of $1,210 which is significantly lower than the US average of $1,430. The Grocery Cost Index in this area is also quite low compared to the US average at 97 versus 100. This makes living in Scottsville an attractive option for those looking to save money.
Scottsville offers plenty of activities and job opportunities as well. Local companies such as Stribling Equipment, First Bank & Trust Company, Tuma Tile & Stone Co., Payne's Excavating Inc., and The Grist Mill are just some of the businesses that serve the local community. These businesses provide employment opportunities and help bring growth to the area. Additionally, with its close proximity to Charlottesville, residents have access to even more cultural attractions and entertainment venues within a short drive.

Scottsville (zip 24590) has an unemployment rate of 4.3%. The US average is 6.0%.

Scottsville (zip 24590) has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.

Tax Rates for Scottsville (zip 24590)
- The Sales Tax Rate for Scottsville (zip 24590) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Scottsville (zip 24590) 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 Scottsville (zip 24590)
- The average income of a Scottsville (zip 24590) resident is $26,270 a year. The US average is $28,555 a year.
- The Median household income of a Scottsville (zip 24590) resident is $77,807 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScottsville, VirginiaUnited States
  4.36
  -7.3%-6.2%
  42.1%33.5%
  5.3%6.2%
  5.8%4.6%
  $36,772$37,638
  $77,807$69,021
  $92,606$85,028
  Population by Occupation
  5.0%1.2%
  0.2%0.5%
  8.9%6.8%
  6.9%10.0%
  0.3%2.5%
  10.1%11.0%
  1.6%4.8%
  1.2%0.8%
  0.7%1.9%
  2.3%4.7%
  3.5%1.9%
  7.2%7.6%
  0.0%0.1%
  6.9%4.2%
  13.6%9.3%
  13.2%14.0%
  0.4%2.1%
  5.0%7.0%
  7.2%4.8%
  5.7%4.7%
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