Bandy, VA 24602 is a small town located in Russell County. It is known for its affordable housing options and friendly atmosphere. A typical two bedroom rent for this area is $630 which is significantly lower than the US benchmark of $1,430. Grocery costs are also far cheaper than other areas in the country with a Grocery Cost Index of 94 compared to 100 in the US.
The local economy of Bandy, VA is largely driven by agriculture and light manufacturing industries. Major companies include Shott Manufacturing Co., Precision Pulley & Idler, and All-American Industries Inc. The town offers plenty of recreational activities such as golfing at the nearby Clinch River Golf Course and hiking through Jefferson National Forest's trails. There are also many parks nearby that offer camping and fishing opportunities for those who enjoy outdoor activities. With its affordable living costs and abundance of activities to choose from, Bandy, VA is an ideal place to call home.
Bandy (zip 24602) has an unemployment rate of 6.3%. The US average is 6.0%.
Bandy (zip 24602) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Bandy (zip 24602)
- The Sales Tax Rate for Bandy (zip 24602) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bandy (zip 24602) is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Bandy (zip 24602)
- The average income of a Bandy (zip 24602) resident is $19,210 a year. The US average is $37,638 a year.
- The Median household income of a Bandy (zip 24602) resident is $40,057 a year. The US average is $69,021 a year.