Zip 24175 (Troutville, VA) Economy


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24175 Troutville, VA is a small town in the southeast region of Virginia. It has a population of 1,399 according to the 2020 U.S. Census. The cost of rent for a two-bedroom apartment is $950 per month, which is well below the national average of $1,430. Grocery costs are also lower than the rest of the country at 100 compared to 100 on the index in the US. Local companies in 24175 Troutville include GKL Farms, Langley Auto Center, DeAtley Woodworking and Finishing, and Evergreen Nursery & Landscaping Co. These businesses provide services ranging from farming and automotive repair to woodworking and nursery services.

Troutville (zip 24175) has an unemployment rate of 4.0%. The US average is 6.0%.

Troutville (zip 24175) has seen the job market increase by 1.6% 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 Troutville (zip 24175)
- The Sales Tax Rate for Troutville (zip 24175) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Troutville (zip 24175) 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 Troutville (zip 24175)
- The average income of a Troutville (zip 24175) resident is $31,477 a year. The US average is $28,555 a year.
- The Median household income of a Troutville (zip 24175) resident is $74,198 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTroutville, VirginiaUnited States
  46
  -5.2%-6.2%
  29.7%33.5%
  5.3%6.2%
  5.8%4.6%
  $36,067$37,638
  $74,198$69,021
  $80,327$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  4.4%6.8%
  16.2%10.0%
  3.0%2.5%
  12.6%11.0%
  5.7%4.8%
  0.3%0.8%
  1.2%1.9%
  6.1%4.7%
  2.9%1.9%
  6.4%7.6%
  0.5%0.1%
  3.6%4.2%
  5.5%9.3%
  13.2%14.0%
  0.7%2.1%
  3.4%7.0%
  10.0%4.8%
  2.4%4.7%
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