Waco, NC is a small town located in central North Carolina. It has a population of around 5,400 people and is known for its laid-back atmosphere. The cost of living in Waco is relatively low with 2 bedroom rent coming in at $810 compared to the US average of $1,430. Additionally, the grocery cost index comes in at 94 versus 100 in the US. \nThe economy of Waco is largely based on agriculture and tourism, with other local companies including farm equipment dealerships, trucking firms, lumberyards, as well as specialty stores and restaurants. There are also plenty of amenities available in Waco such as parks and trails for outdoors activities as well as local churches and libraries for community gatherings and events.
Waco has an unemployment rate of 5.1%. The US average is 6.0%.
Waco has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Waco
- The Sales Tax Rate for Waco is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Waco 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 Waco
- The average income of a Waco resident is $14,064 a year. The US average is $28,555 a year.
- The Median household income of a Waco resident is $34,375 a year. The US average is $69,021 a year.