Washington, NC Economy


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Washington, NC is a great place to live. It is a small city surrounded by nature, with plenty of local outdoor activities to enjoy. The two bedroom rent in Washington, NC is much lower than the US average of $1,430, making it an attractive location for those looking to save money and still enjoy living in a peaceful environment. Additionally, groceries cost 97 on the Grocery Cost Index in Washington compared to 100 in the US which helps keep costs low. In terms of entertainment and attractions there are plenty of options. The area offers popular restaurants, museums and galleries like Turnage Theatre and the Mattamuskeet National Wildlife Refuge. There is also a number of local companies such as Washington Daily News and Vidant Medical Center that contribute to the economic development and quality of life in this charming town.

Washington has an unemployment rate of 4.5%. The US average is 6.0%.

Washington has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Washington
- The Sales Tax Rate for Washington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington
- The average income of a Washington resident is $27,126 a year. The US average is $37,638 a year.
- The Median household income of a Washington resident is $38,843 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWashington, North CarolinaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Washington
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I have only lived here for four years, but I love this place. If you like outdoor activities, this is the place for you with fishing, boating, and the beach just  More

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