Zip 24701 (Bluefield, WV) Economy


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24701 Bluefield, WV is an affordable city to live in with two bedroom rent sitting at $650 compared to the US average of $1,430. This represents a 54.4% decrease in rental cost for those moving from other parts of the US. Additionally, shoppers will benefit from lower prices at local businesses with the grocery cost index in 24701 Bluefield sitting at 92 compared to 100 in the US. This equates to 8% savings on groceries when shopping locally versus nationally. Local businesses that shoppers can take advantage of include: Wal-Mart Supercenter, Target, Kroger Grocery and Pharmacy, Food Lion Grocery Store, and Aldi.

Bluefield (zip 24701) has an unemployment rate of 7.0%. The US average is 6.0%.

Bluefield (zip 24701) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 17.9%, which is lower than the US average of 33.5%.

Tax Rates for Bluefield (zip 24701)
- The Sales Tax Rate for Bluefield (zip 24701) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bluefield (zip 24701) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bluefield (zip 24701)
- The average income of a Bluefield (zip 24701) resident is $24,425 a year. The US average is $37,638 a year.
- The Median household income of a Bluefield (zip 24701) resident is $39,541 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBluefield, West VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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