Swan Quarter, NC is a small town on the coast of North Carolina with a population of around 500 people. Located in Hyde County, Swan Quarter offers plenty of peacefulness and tranquillity for those wanting to escape city life. The cost of living in Swan Quarter is much lower than the national average – 2 bedroom rent averages at $780 compared to the national average of $1,430, and the grocery cost index is 93 versus 100 in the US.
The local economy is mainly driven by tourism due to its close proximity to the coast. There are several companies based in Swan Quarter such as Hyde County Fisheries, which makes seafood products for both export and sale locally. Additionally, there are many small restaurants and stores located throughout town that serve both residents and tourists alike. Despite being a small town, there are plenty of jobs available in the area with some major employers such as Hyde County Hospital, Loopers Grocery Store, Rodanthe Beach Accessories LLC, and Island Marine Center.
Swan Quarter has an unemployment rate of 8.4%. The US average is 6.0%.
Swan Quarter has seen the job market decrease by -8.9% over the last year. Future job growth over the next ten years is predicted to be 14.4%, which is lower than the US average of 33.5%.
Tax Rates for Swan Quarter
- The Sales Tax Rate for Swan Quarter is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Swan Quarter 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 Swan Quarter
- The average income of a Swan Quarter resident is $26,925 a year. The US average is $37,638 a year.
- The Median household income of a Swan Quarter resident is $61,071 a year. The US average is $69,021 a year.