Denton, NC is a small town located in North Carolina with an estimated population of 2,504 people. It is home to many local businesses such as Denton Tire & Automotive, Mt. Tabor Grocery Store, and Denton Laundromat & Cleaners. The cost of living in Denton is quite affordable compared to the US average. For example, the median rent for a two-bedroom apartment is $850, which is significantly lower than the US median of $1,430 per month. Additionally, the Grocery Cost Index for Denton is 95 versus 100 in the US - meaning that groceries are cheaper in this area than most other places around the country.
Denton has an unemployment rate of 4.4%. The US average is 6.0%.
Denton has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Denton
- The Sales Tax Rate for Denton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Denton 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 Denton
- The average income of a Denton resident is $20,672 a year. The US average is $37,638 a year.
- The Median household income of a Denton resident is $41,300 a year. The US average is $69,021 a year.