Petroleum, WV is a small town with a population of 26161. It is located in the northern part of West Virginia and is known for its friendly locals and beautiful rural scenery. Living in Petroleum can be affordable, as 2 bedroom rental rates are set at $810 compared to the US average of $1,430. The grocery cost index in Petroleum is 95 versus 100 in the US, making it an excellent place for those who want to live on a budget. There are also plenty of job opportunities available in Petroleum due to the presence of several local companies such as R&D Oilfield Services, River City Communications, and A & F Services LLC. Additionally, there are plenty of amenities available including shopping centers, churches and fitness centers. Overall, Petroleum is an excellent choice for those looking for an affordable rural lifestyle without compromising on access to essential services and job opportunities.
Petroleum (zip 26161) has an unemployment rate of 7.1%. The US average is 6.0%.
Petroleum (zip 26161) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Petroleum (zip 26161)
- The Sales Tax Rate for Petroleum (zip 26161) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Petroleum (zip 26161) 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 Petroleum (zip 26161)
- The average income of a Petroleum (zip 26161) resident is $26,173 a year. The US average is $28,555 a year.
- The Median household income of a Petroleum (zip 26161) resident is $59,306 a year. The US average is $69,021 a year.