McFarlan, NC is a small rural town located in North Carolina. It is a great place to live, with plenty of local amenities, including a variety of shops and restaurants. The majority of the workforce in McFarlan is employed by local businesses such as the McFarlan General Store and the McFarlan Family Farm. The cost of living in McFarlan is quite affordable compared to other parts of North Carolina or the US as a whole. Rent for a two-bedroom apartment is $1,020 and according to the Grocery Cost Index it is 92% compared to the US average of 100%. This means that groceries are cheaper in McFarlan than elsewhere in America. All this makes McFarlan an attractive option for those looking to live comfortably without breaking the bank.
McFarlan has an unemployment rate of 5.9%. The US average is 6.0%.
McFarlan has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for McFarlan
- The Sales Tax Rate for McFarlan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for McFarlan 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 McFarlan
- The average income of a McFarlan resident is $16,087 a year. The US average is $28,555 a year.
- The Median household income of a McFarlan resident is $52,813 a year. The US average is $69,021 a year.