The town of Raysal, West Virginia is a small rural area located close to the Virginia-West Virginia border and has a population of around 24879 people. Rent for a 2 bedroom apartment in Raysal is very affordable at $590 compared to the US average of $1,430. Grocery costs are also lower than the national average with an index of 87 indicating that groceries are less expensive here than in other parts of the country.
The local economy in Raysal is largely supported by coal mining, agriculture, and supporting businesses such as Humphreys Supply Co., Mcdowell Milling & Mining Co., R & R Logging & Trucking Inc., and Country Inn Cafe & Grill who all provide goods and services to this rural community.
Raysal (zip 24879) has an unemployment rate of 9.7%. The US average is 6.0%.
Raysal (zip 24879) has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 15.9%, which is lower than the US average of 33.5%.
Tax Rates for Raysal (zip 24879)
- The Sales Tax Rate for Raysal (zip 24879) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raysal (zip 24879) 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 Raysal (zip 24879)
- The average income of a Raysal (zip 24879) resident is $13,838 a year. The US average is $37,638 a year.
- The Median household income of a Raysal (zip 24879) resident is $28,278 a year. The US average is $69,021 a year.