Zip 24983 (Union, WV) Economy


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United States / West Virginia / No Metro Area / Monroe County / Union / Union (zip 24983)
Union, WV is a small town located in central West Virginia with a population of 24983. The local cost of living is very reasonable with a two bedroom rental costing only $740 a month compared to the US average of $1,430. Grocery cost index in Union is also low compared to the US at 94 versus 100 respectively. There are many local companies that make up the businesses in Union including Union Bank & Trust Company, Advanced Manufacturing Technology, Inc., Mountain State Service Corporation and more. With its modest cost of living and friendly community atmosphere, Union is an ideal place to live and work.

Union (zip 24983) has an unemployment rate of 4.7%. The US average is 6.0%.

Union (zip 24983) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.

Tax Rates for Union (zip 24983)
- The Sales Tax Rate for Union (zip 24983) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Union (zip 24983) 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 Union (zip 24983)
- The average income of a Union (zip 24983) resident is $20,787 a year. The US average is $28,555 a year.
- The Median household income of a Union (zip 24983) resident is $37,741 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUnion, West VirginiaUnited States
  4.76
  -1.8%-6.2%
  37.2%33.5%
  6.0%6.2%
  6.0%4.6%
  $23,229$37,638
  $37,741$69,021
  $48,958$85,028
  Population by Occupation
  13.8%1.2%
  0.0%0.5%
  1.2%6.8%
  18.7%10.0%
  0.0%2.5%
  11.9%11.0%
  2.1%4.8%
  1.4%0.8%
  4.7%1.9%
  0.0%4.7%
  0.0%1.9%
  0.5%7.6%
  0.0%0.1%
  1.0%4.2%
  6.0%9.3%
  16.1%14.0%
  0.0%2.1%
  6.9%7.0%
  7.4%4.8%
  8.3%4.7%
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