Speedwell, VA is located within 24374 zip code, and has an average two bedroom rent of $810. This is significantly lower than the US two bedroom rent average of $1,430. Furthermore, the Grocery Cost Index in Speedwell is 94 versus 100 nationwide. With its low cost of living and booming economy, Speedwell is an attractive location for businesses. Companies such as Virginia Hot Springs Resort & Spa, Hinkle Family Fun Center and Beamer's Ace Hardware offer locals a variety of services which contribute to the quality of life in Speedwell.
Speedwell (zip 24374) has an unemployment rate of 5.3%. The US average is 6.0%.
Speedwell (zip 24374) has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Speedwell (zip 24374)
- The Sales Tax Rate for Speedwell (zip 24374) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Speedwell (zip 24374) 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 Speedwell (zip 24374)
- The average income of a Speedwell (zip 24374) resident is $15,218 a year. The US average is $28,555 a year.
- The Median household income of a Speedwell (zip 24374) resident is $39,023 a year. The US average is $69,021 a year.