Zip 26761 (Shanks, WV) Economy


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26761 Shanks, WV is a small town in West Virginia with just over 200 residents. The cost of living here is quite affordable; the average two bedroom rent in Shanks is only $1,020 compared to the US average of $1,430. Grocery costs are also comparable to other places in the US with an index of 104. Local stores such as Ace Hardware and General Store offer some basic needs for residents. Other amenities include several churches and a library. There are also numerous outdoor activities available for residents to enjoy including riding horses at nearby stables and fishing or boating at nearby lakes. All in all, 26761 Shanks provides an affordable yet full lifestyle for its residents.

Shanks (zip 26761) has an unemployment rate of 4.4%. The US average is 6.0%.

Shanks (zip 26761) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.

Tax Rates for Shanks (zip 26761)
- The Sales Tax Rate for Shanks (zip 26761) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shanks (zip 26761) 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 Shanks (zip 26761)
- The average income of a Shanks (zip 26761) resident is $20,801 a year. The US average is $37,638 a year.
- The Median household income of a Shanks (zip 26761) resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShanks, West VirginiaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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