New Martinsville, WV (zip code 26155) is a small town located in the Northern Panhandle of West Virginia with a population of around 4,500 people. A two-bedroom apartment in New Martinsville will cost an average of $980 per month, which is about $450 less than the national average. This lower cost of living also extends to grocery items, as the Grocery Cost Index for New Martinsville is 100, which is equal to the national average.
The economy of New Martinsville is largely based on natural gas drilling and related industries as well as agriculture and tourism. The city boasts several companies such as Ormet Primary Aluminum Corporation, MTD Products Inc., and Youghiogheny Energy Inc., all providing employment opportunities to its residents.
Overall, New Martinsville has a low cost of living compared to its surroundings and other regions across the country. It provides job opportunities at competitive wages and quality rental housing for those looking for affordable options.
New Martinsville (zip 26155) has an unemployment rate of 8.3%. The US average is 6.0%.
New Martinsville (zip 26155) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for New Martinsville (zip 26155)
- The Sales Tax Rate for New Martinsville (zip 26155) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for New Martinsville (zip 26155) 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 New Martinsville (zip 26155)
- The average income of a New Martinsville (zip 26155) resident is $22,312 a year. The US average is $28,555 a year.
- The Median household income of a New Martinsville (zip 26155) resident is $51,652 a year. The US average is $69,021 a year.