Bermuda Run, NC is a small city located in the western part of North Carolina. It has a handful of locally owned businesses such as Bermuda Run Furniture Company, The Donut Shop, and Waterman's Automotive. Living in Bermuda Run is relatively affordable compared to other areas in the state. For example, the average rent for a two-bedroom apartment is $1,050 which is much lower than the nationwide rate of $1,430. Additionally, according to the Grocery Cost Index for Bermuda Run, groceries are nearly one percent less expensive than the US average. In conclusion, living in Bermuda Run can be an affordable option with its many local stores and restaurants.
Bermuda Run has an unemployment rate of 4.0%. The US average is 6.0%.
Bermuda Run 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 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Bermuda Run
- The Sales Tax Rate for Bermuda Run is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Bermuda Run 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 Bermuda Run
- The average income of a Bermuda Run resident is $55,145 a year. The US average is $28,555 a year.
- The Median household income of a Bermuda Run resident is $74,280 a year. The US average is $69,021 a year.