New Bern, NC is an excellent city to settle down in due to its low cost of living. The average rent for a two bedroom apartment is just $1,070, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in New Bern is 97 versus 100 in the US. This makes it easier for residents to save money on their grocery bills. There are also plenty of local companies that contribute to New Bern's economy such as CarolinaEast Health System, Tryon Palace Historic Sites & Gardens and Craven Community College. Residents of New Bern can enjoy both a high quality of life and a budget friendly lifestyle.
New Bern has an unemployment rate of 4.6%. The US average is 6.0%.
New Bern 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for New Bern
- The Sales Tax Rate for New Bern is 6.8%. The US average is 7.3%.
- The Income Tax Rate for New Bern is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Bern
- The average income of a New Bern resident is $23,335 a year. The US average is $28,555 a year.
- The Median household income of a New Bern resident is $45,829 a year. The US average is $69,021 a year.