Moravian Falls, NC is a small town located in Wilkes County, North Carolina. It is known for its beautiful views and rural atmosphere. Despite its size, it offers many opportunities for employment as there are several local businesses such as Wilkes Community College, WXII-TV 12 News, Moravian Falls Hardware Store, and Caraway Insurance Agency. The cost of living in this small town is significantly lower than the US average due to its population size and remote location. For example, the rent for a two bedroom apartment in Moravian Falls is $790 per month - which is $640 cheaper than the U.S.'s average - while the Grocery Cost Index in Moravian Falls is 96 versus 100 in the US. This means that food costs are also much lower compared to other locations across the country.
Moravian Falls has an unemployment rate of 4.4%. The US average is 6.0%.
Moravian Falls has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Moravian Falls
- The Sales Tax Rate for Moravian Falls is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Moravian Falls 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 Moravian Falls
- The average income of a Moravian Falls resident is $15,282 a year. The US average is $28,555 a year.
- The Median household income of a Moravian Falls resident is $47,188 a year. The US average is $69,021 a year.