Vance, NC County is a great place to live with a low cost of living. It is home to many local businesses such as Vance Packaging, Brookside Farms, and Vance Custom Millwork, all of which have been providing high-quality products for the community for years. The average 2 bedroom rent in Vance is $800 per month, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Vance County is 94 compared to 100 nationally, indicating that groceries are relatively inexpensive in the area. This means that those who live in Vance County will enjoy both a high quality of life and an affordable lifestyle.
Vance County has an unemployment rate of 7.6%. The US average is 6.0%.
Vance County has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Vance County
- The Sales Tax Rate for Vance County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Vance County 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 Vance County
- The average income of a Vance County resident is $18,815 a year. The US average is $28,555 a year.
- The Median household income of a Vance County resident is $45,243 a year. The US average is $69,021 a year.