economy

Economy in Big Stone Gap

Learn more about the economic landscape of Big Stone Gap.

Tax Rate

The Sales Tax Rate for Big Stone Gap is 5.3%, while the US average is 7.3%.
The income Tax Rate for Big Stone Gap is 5.8%, while the US average is 4.6%.

Unemployment

Big Stone Gap has an unemployment rate of 5.3%, while the US average is 3.7%. Big Stone Gap has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.

Income

The average income of a Big Stone Gap resident is $14,147 a year.

The largest industries in Big Stone Gap, VA are Health Care & Social Assistance, Public Administration, and Retail Trade, and the highest paying industries are Professional, Scientific, & Technical Services, Transportation & Warehousing, and Manufacturing.

For more in-depth statistics about the economy of Big Stone Gap, visit this data site. 

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RESERVATIONS

BIG STONE GAP

505 E 5th St S Big Stone Gap, VA 24219 |  Phone: 276.523.0115 | info@bigstonegap.org

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