Hamlet, NC is a small town located in Richmond County. It offers a quiet home for those looking to escape the hustle and bustle of city life, with affordable housing and low cost of living. The average 2-bedroom rent in Hamlet is $780 compared to the US average 2-bedroom rent of $1,430, making this area an ideal place for those on a budget. Additionally, the Grocery Cost Index in Hamlet is 93 versus 100 in the US, meaning groceries here are also much cheaper than America's average. Some local companies include A&T Industries Inc., Textile Rubber & Chemical Co., Fieldcrest Cannon Inc., and Sandhills Global Ventures LLC. All in all, Hamlet offers something for everyone due to its affordability and laid back lifestyle.
Hamlet has an unemployment rate of 6.7%. The US average is 6.0%.
Hamlet has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Hamlet
- The Sales Tax Rate for Hamlet is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hamlet 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 Hamlet
- The average income of a Hamlet resident is $17,273 a year. The US average is $28,555 a year.
- The Median household income of a Hamlet resident is $32,224 a year. The US average is $69,021 a year.