Severn, NC is an affordable town located in the eastern part of North Carolina. It is a great place to live with its low rent and cost of living. The average 2 bedroom rent in Severn is $840 which is much cheaper than the US average of $1,430. Additionally, the local grocery cost index in Severn is 96 compared to 100 in the US.
There are plenty of opportunities for leisure in Severn too. For instance, there are several local companies such as The Boat Spot Marine Service Center and Martin’s BBQ Joint that offer residents quality goods and services. Furthermore, numerous amenities such as Anderson Creek Golf Club and Ponderosa Hunting Lodge provide options for outdoor activities for residents seeking adventure or relaxation.
Severn has an unemployment rate of 5.9%. The US average is 6.0%.
Severn has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Severn
- The Sales Tax Rate for Severn is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Severn 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 Severn
- The average income of a Severn resident is $15,742 a year. The US average is $28,555 a year.
- The Median household income of a Severn resident is $37,188 a year. The US average is $69,021 a year.