Zip 26563 (Carolina, WV) Economy


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Carolina, West Virginia is a small rural community in Mercer County with a population of approximately 2,655 people. It is an ideal place to settle down due to its low cost of living; average two bedroom rent is just $800 per month versus the national average of $1,430. The Grocery Cost Index for Carolina is 94, which is lower than the US average of 100.
The town has many local businesses that offer employment opportunities to locals. George's Garage specializes in auto repairs and provides both full-time and part-time jobs throughout the year. The Carolina Store sells groceries and other items at competitive prices and employs sales associates throughout the year. The First National Bank of Carolina offers financial services such as loans and banking services, employing clerks and customer service representatives.
Local job opportunities in Carolina include retail positions at The Carolina Store, mechanics at George's Garage, clerks at the First National Bank of Carolina as well as many other smaller businesses like restaurants and coffee shops that frequently hire employees.

Carolina (zip 26563) has an unemployment rate of 6.0%. The US average is 6.0%.

Carolina (zip 26563) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Carolina (zip 26563)
- The Sales Tax Rate for Carolina (zip 26563) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carolina (zip 26563) 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 Carolina (zip 26563)
- The average income of a Carolina (zip 26563) resident is $18,280 a year. The US average is $28,555 a year.
- The Median household income of a Carolina (zip 26563) resident is $33,152 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarolina, West VirginiaUnited States
  66
  -5.3%-6.2%
  24.0%33.5%
  6.0%6.2%
  6.0%4.6%
  $14,519$37,638
  $33,152$69,021
  $34,185$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  10.3%10.0%
  0.0%2.5%
  8.0%11.0%
  9.2%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  60.9%7.0%
  11.5%4.8%
  0.0%4.7%
Health