Rocky Mount, NC is a vibrant and affordable city located in North Carolina. It has a cost of living that is lower than the national average. The average rent for a two bedroom apartment in Rocky Mount is $930 per month, while the national average rate for a two-bedroom apartment is $1,430. The grocery cost index in Rocky Mount is 93 compared to 100 nationally, making it an economical place to live. The city is home to many local businesses such as Fidelity Bank, Big Rock Breweries, Nash County Auto Parts, and Moles Embroidery and Screen Printing. Rocky Mount offers its citizens many opportunities for career growth and entertainment.
Rocky Mount has an unemployment rate of 8.4%. The US average is 6.0%.
Rocky Mount has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Rocky Mount
- The Sales Tax Rate for Rocky Mount is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Rocky Mount 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 Rocky Mount
- The average income of a Rocky Mount resident is $20,236 a year. The US average is $28,555 a year.
- The Median household income of a Rocky Mount resident is $46,396 a year. The US average is $69,021 a year.