Economy in Big Stone Gap
Learn more about the economic landscape of Big Stone Gap.
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%.
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%.
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.