Parkton, NC is a small town located in North Carolina that offers residents an affordable cost of living. The average 2 bedroom rental rate in Parkton is $970 which is much lower than the national average of $1,430. Additionally, the grocery cost index in Parkton is 96, versus 100 nationally. This means that groceries are slightly more expensive locally than they are on a national level. Parkton has a number of local businesses including Comfort Suites hotel, Ample Store grocery, and Diamonds Salon. With low rental rates and grocery costs slightly above the national average, Parkton provides its residents with a great cost of living compared to other areas around it.
Parkton has an unemployment rate of 6.8%. The US average is 6.0%.
Parkton has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Parkton
- The Sales Tax Rate for Parkton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Parkton 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 Parkton
- The average income of a Parkton resident is $25,415 a year. The US average is $37,638 a year.
- The Median household income of a Parkton resident is $49,861 a year. The US average is $69,021 a year.