Hatteras, NC is a charming coastal town located on Hatteras Island in the Outer Banks of North Carolina. With its close proximity to the ocean, it offers plenty of outdoor activities including fishing, surfing, swimming, and boating. The town is home to several famous companies such as Cape Hatteras Electric Cooperative, WAVE Broadband Solutions and Hatteras Island Surf & Sail. It also has many local restaurants and shops offering quality goods and services at an affordable cost compared to other parts of the country. Rent for a two-bedroom apartment in Hatteras is $1,150 per month; this is nearly $280 less than the US average for similar apartments. Furthermore, the Grocery Cost Index in Hatteras is 105 versus 100 in the US which means groceries are 5% cheaper in Hatteras than across the country. All these factors contribute towards making living costs in Hatteras more affordable than many other areas of North Carolina and beyond.
Hatteras has an unemployment rate of 7.5%. The US average is 6.0%.
Hatteras has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Hatteras
- The Sales Tax Rate for Hatteras is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hatteras 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 Hatteras
- The average income of a Hatteras resident is $33,938 a year. The US average is $28,555 a year.
- The Median household income of a Hatteras resident is $48,911 a year. The US average is $69,021 a year.