Sanford, NC is a great place to live with affordable rent and cost of living. On average, 2 bedroom rent in Sanford is only $1,130 compared to the US average of $1,430. Grocery cost index in Sanford is 95 versus 100 in the US. There are many local companies that are thriving in the area such as GMG Corporation which provides industrial products and services for business needs; Community Bank which offers numerous banking services; and Tree Top Services a tree removal company. Also well known are Carolina Burger Shack, a restaurant providing delicious meals and Southern charm; K&W Automotive Center offering repair and maintenance services; and Westside Tire & Auto Repair which provides tire sales and services. There are many more companies making their mark in Sanford, NC.
Sanford has an unemployment rate of 5.4%. The US average is 6.0%.
Sanford has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Sanford
- The Sales Tax Rate for Sanford is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sanford 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 Sanford
- The average income of a Sanford resident is $19,937 a year. The US average is $28,555 a year.
- The Median household income of a Sanford resident is $51,311 a year. The US average is $69,021 a year.