Weldon, NC is a small town located in North Carolina near the Virginia border. The cost of living is relatively low compared to the US average, with 2 bedroom rent costing $690 per month and a Grocery Cost Index of 93 versus 100 in the US. There are several businesses located in Weldon, including Weldon Motors, a used car dealership; We Care Home Health Services, which provides home health care services; and Roberson Realty Co., a real estate agency. Other local services available in Weldon include banks, restaurants, stores for groceries and retail items, pharmacies, and various other shops. Prices in Weldon tend to be lower than national averages due to the lower cost of living in this area.
Weldon has an unemployment rate of 6.9%. The US average is 6.0%.
Weldon has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Weldon
- The Sales Tax Rate for Weldon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Weldon 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 Weldon
- The average income of a Weldon resident is $21,620 a year. The US average is $28,555 a year.
- The Median household income of a Weldon resident is $34,375 a year. The US average is $69,021 a year.