Ronceverte is a small town in West Virginia located along the Greenbrier River. It has a population of 2497 people according to the 2020 U.S. Census, making it one of the smallest towns in the state. The median 2 bedroom rent in Ronceverte is $730 which is more affordable than the national average at $1,430. Additionally, the Grocery Cost Index for Ronceverte is 94 versus 100 in the US as a whole, indicating that groceries are relatively cheaper here than most places across the country.
The town's economy is mainly driven by service industries such as healthcare, retail and hospitality. Popular local companies include Mardens Electric Supply Co Inc., Mid Atlantic Cabling Solutions LLC., and Valley Auto Parts Inc.. These businesses provide jobs for many of Ronceverte's residents and help to keep its economy thriving.
Ronceverte (zip 24970) has an unemployment rate of 6.0%. The US average is 6.0%.
Ronceverte (zip 24970) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Ronceverte (zip 24970)
- The Sales Tax Rate for Ronceverte (zip 24970) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ronceverte (zip 24970) 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 Ronceverte (zip 24970)
- The average income of a Ronceverte (zip 24970) resident is $22,501 a year. The US average is $37,638 a year.
- The Median household income of a Ronceverte (zip 24970) resident is $38,431 a year. The US average is $69,021 a year.