Wallace, WV is a small rural town with a population of 2,644. The area is known for its natural beauty and offers plenty of opportunities for outdoor activities and exploration. It's also home to some well-established local companies such as Wallace Electric Co., Wallace Dairy Farm, and Wallace Automotive Center. Residents in this area enjoy an affordable cost of living since the rent for a two bedroom apartment is only $830 compared to the US average of $1,430. Additionally, groceries are also more affordable with a grocery cost index of 96 compared to 100 in the US. For those looking to live life at an affordable price while still being close to nature and amenities, Wallace, WV may be an ideal fit!
Wallace (zip 26448) has an unemployment rate of 5.8%. The US average is 6.0%.
Wallace (zip 26448) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Wallace (zip 26448)
- The Sales Tax Rate for Wallace (zip 26448) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wallace (zip 26448) 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 Wallace (zip 26448)
- The average income of a Wallace (zip 26448) resident is $23,808 a year. The US average is $37,638 a year.
- The Median household income of a Wallace (zip 26448) resident is $43,750 a year. The US average is $69,021 a year.