26571 Farmington, WV is a small rural town located in the heart of West Virginia. The area offers affordable living with two bedroom rent at $820 compared to the national average of $1,430. The cost of groceries is also very reasonable with a grocery cost index of 95 in comparison to 100 across the US. This makes 26571 Farmington, WV an ideal location for families looking to live in a quiet and peaceful place. The local economy is mainly driven by agriculture and tourism; however there are several small businesses located within the town such as D&M Auto Repair, Cider House Orchard & Cafe, and Fazio's Italian Restaurant that provide jobs and goods in the community.
Farmington (zip 26571) has an unemployment rate of 6.0%. The US average is 6.0%.
Farmington (zip 26571) 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 Farmington (zip 26571)
- The Sales Tax Rate for Farmington (zip 26571) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 26571) 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 Farmington (zip 26571)
- The average income of a Farmington (zip 26571) resident is $21,003 a year. The US average is $28,555 a year.
- The Median household income of a Farmington (zip 26571) resident is $78,456 a year. The US average is $69,021 a year.