Zip 24651 (Tazewell, VA) Economy


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24651 Tazewell, VA is a medium-sized city in the Appalachian region of Virginia. The average 2 bedroom rent in this area is $770, which is much lower than the US average of $1,430. Additionally, groceries in 24651 Tazewell are relatively low-cost with an index score of 94 compared to the US benchmark score of 100. Some local businesses that serve residents in the 24651 Tazewell area include Valley Outdoors & Supply Co., Lee's Western Store, and Country Road Gifts and Collectibles. Here, you can find most everyday goods at competitive prices with other areas of the country.

Tazewell (zip 24651) has an unemployment rate of 6.3%. The US average is 6.0%.

Tazewell (zip 24651) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.

Tax Rates for Tazewell (zip 24651)
- The Sales Tax Rate for Tazewell (zip 24651) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Tazewell (zip 24651) 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 Tazewell (zip 24651)
- The average income of a Tazewell (zip 24651) resident is $27,087 a year. The US average is $28,555 a year.
- The Median household income of a Tazewell (zip 24651) resident is $42,365 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTazewell, VirginiaUnited States
  6.36
  -5.1%-6.2%
  16.3%33.5%
  5.3%6.2%
  5.8%4.6%
  $25,478$37,638
  $42,365$69,021
  $61,964$85,028
  Population by Occupation
  0.5%1.2%
  1.3%0.5%
  2.1%6.8%
  12.3%10.0%
  1.7%2.5%
  10.4%11.0%
  2.0%4.8%
  0.0%0.8%
  5.0%1.9%
  4.7%4.7%
  3.9%1.9%
  5.4%7.6%
  0.0%0.1%
  2.4%4.2%
  9.2%9.3%
  19.5%14.0%
  1.5%2.1%
  5.4%7.0%
  3.8%4.8%
  8.9%4.7%
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