Balfour, NC is a city located in North Carolina and is known for its abundance of local businesses. It is also home to several colleges and universities such as The University of North Carolina at Chapel Hill. The median house cost in Balfour, NC is $213,000. There are plenty of popular stores such as Walmart, CVS Pharmacy, and Lowe’s that make up the local business scene in Balfour. Additionally, 2 bedroom rent in Balfour is much lower than the national average at only $1,330 per month opposed to the US rate of $1,430. Grocery Cost Indexes are also lower with a 102 rating versus 100 nationally.
Balfour has an unemployment rate of 4.0%. The US average is 6.0%.
Balfour has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 40.6%, which is higher than the US average of 33.5%.
Tax Rates for Balfour
- The Sales Tax Rate for Balfour is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Balfour 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 Balfour
- The average income of a Balfour resident is $20,540 a year. The US average is $28,555 a year.
- The Median household income of a Balfour resident is $74,650 a year. The US average is $69,021 a year.