Powellsville, NC is a great city for anyone looking for affordability without sacrificing quality of life. The cost of rent for a two bedroom apartment is significantly lower than the national average, at only $780 compared to $1,430 in the US. Similarly, the grocery cost index in Powellsville is 92 versus 100 in the US. This makes it an attractive option to stay on budget while enjoying the city life.
Powellsville has several notable companies with operations in the area. Central Carolina Bank has been providing banking services here since 1905, and Mid-Atlantic Food Distributors offer wholesale food distribution services throughout North Carolina and Virginia. Accend Networks is a local technology company that provides custom software solutions as well as web and cloud hosting services around the world.
In terms of local attractions, Powellsville is home to several museums and parks for visitors and residents alike to enjoy. The Towne Park Historic District contains several homes built before 1900 offering a glimpse into what life was like during this era. There are also numerous trails throughout the county allowing nature lovers to explore all that this charming town has to offer. Powellsville continues to thrive each day while offering residents a safe and affordable place they can call home.
Powellsville has an unemployment rate of 5.1%. The US average is 6.0%.
Powellsville has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 9.7%, which is lower than the US average of 33.5%.
Tax Rates for Powellsville
- The Sales Tax Rate for Powellsville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Powellsville 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 Powellsville
- The average income of a Powellsville resident is $17,379 a year. The US average is $28,555 a year.
- The Median household income of a Powellsville resident is $43,125 a year. The US average is $69,021 a year.