Chocowinity, NC is a great city to live in as it has an affordable cost of living. The average two bedroom rent for the city is $1,000, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Chocowinity is 96 compared to 100 in the US, thus making groceries more affordable. Furthermore, the city has many local companies that offer employment opportunities such as Neuse Sport Shop and Chocowinity Marine Center & Storage. Other notable businesses are Chocowinity Family Pharmacy and Tailwinds Aviation Inc. With its affordable cost of living and diverse range of local companies to work at, Chocowinity is a great place to settle down and build a life.
Chocowinity has an unemployment rate of 4.5%. The US average is 6.0%.
Chocowinity has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Chocowinity
- The Sales Tax Rate for Chocowinity is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Chocowinity 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 Chocowinity
- The average income of a Chocowinity resident is $17,269 a year. The US average is $28,555 a year.
- The Median household income of a Chocowinity resident is $29,548 a year. The US average is $69,021 a year.