Zip 24593 (Spout Spring, VA) Economy


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24593 Spout Spring, VA is a great place to live with affordable housing and costs of living. The 2 bedroom rent in the area is $850 which is a lot lower than the US average of $1,430. Grocery Cost Index in 24593 Spout Spring, VA is 97 compared to 100 in the US. This makes living in this area even more attractive and cost-efficient. If you are looking for assistance with housing costs around 24593 Spout Spring, VA there are many local companies available to help. Some of these include Staunton River Realty, Century 21 All-Star Real Estate Agency and Kepley Brokerage Group Inc. that offer advice on renting apartments or houses and also provide guidance on other things related to living costs such as utilities expenses or insurance premiums.

Spout Spring (zip 24593) has an unemployment rate of 5.5%. The US average is 6.0%.

Spout Spring (zip 24593) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Spout Spring (zip 24593)
- The Sales Tax Rate for Spout Spring (zip 24593) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Spout Spring (zip 24593) 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 Spout Spring (zip 24593)
- The average income of a Spout Spring (zip 24593) resident is $25,086 a year. The US average is $28,555 a year.
- The Median household income of a Spout Spring (zip 24593) resident is $61,614 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpout Spring, VirginiaUnited States
  5.56
  -5.5%-6.2%
  29.3%33.5%
  5.3%6.2%
  5.8%4.6%
  $29,622$37,638
  $61,614$69,021
  $83,871$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  16.7%6.8%
  9.5%10.0%
  1.9%2.5%
  9.8%11.0%
  2.4%4.8%
  2.3%0.8%
  0.0%1.9%
  4.8%4.7%
  0.0%1.9%
  5.2%7.6%
  0.0%0.1%
  1.3%4.2%
  4.9%9.3%
  13.2%14.0%
  0.0%2.1%
  2.5%7.0%
  5.4%4.8%
  19.7%4.7%
Health