Walnut Cove, NC is a small town located in Stokes County which is just outside of Winston-Salem. It is a great place for those looking for a peaceful and laid back lifestyle. The cost of living in Walnut Cove is quite affordable with two bedroom rent being approximately $830 per month compared to the US average of $1,430. Additionally, the local Grocery Cost Index in Walnut Cove is 96 compared to the US average of 100, meaning groceries are even more affordable here than elsewhere. Local businesses in Walnut Cove include B&G Jewelers & Pawn Shop Inc., Hometown Insurance Agency and Johnston's Automotive Repair Inc.. With its low cost of living and local businesses, Walnut Cove provides plenty of possibilities for potential residents.
Walnut Cove has an unemployment rate of 4.2%. The US average is 6.0%.
Walnut Cove has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Walnut Cove
- The Sales Tax Rate for Walnut Cove is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Walnut Cove 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 Walnut Cove
- The average income of a Walnut Cove resident is $18,919 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Cove resident is $38,906 a year. The US average is $69,021 a year.