Hertford, NC is a small town in northeast North Carolina with a population of approximately 2,500. The town has a diverse economy that includes both traditional and modern sectors. One of the most prominent industries is manufacturing, with local companies such as Southern Light Capital and East Coast Manufacturing offering good job opportunities for residents. Hertford also has a thriving agricultural sector with several farms and markets providing fresh produce to the community. Additionally, there are plenty of restaurants and cafes in the area that cater to locals and visitors alike. The cost of living in Hertford is relatively low compared to other parts of the state. Renting a two-bedroom apartment here costs around $720 per month which is significantly lower than the US average of $1,430. Moreover, grocery items are considerably cheaper here with an index score of 96 against 100 in the US. All these factors make Hertford an attractive place to live for people who seek quality at affordable prices.
Hertford has an unemployment rate of 4.9%. The US average is 6.0%.
Hertford 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 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Hertford
- The Sales Tax Rate for Hertford is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hertford 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 Hertford
- The average income of a Hertford resident is $16,786 a year. The US average is $28,555 a year.
- The Median household income of a Hertford resident is $43,571 a year. The US average is $69,021 a year.