Candor, NC is a small town located in Montgomery County with a population of just over 1,000 people. It has a low unemployment rate and offers an affordable cost of living. The 2 bedroom rent in Candor is only $760 compared to the US average of $1,430, making it much more cost effective for those looking to rent. Additionally, the grocery cost index in Candor is 93 versus 100 in the US, offering significant savings on food costs for families living there. Some of the local companies include Candor Food Lion, Candor Family Pharmacy and J&K Hardware and Lumber Company. Residents of this small town have access to all major amenities but without the high costs that come with living in larger cities or suburbs.
Candor has an unemployment rate of 4.3%. The US average is 6.0%.
Candor has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Candor
- The Sales Tax Rate for Candor is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Candor 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 Candor
- The average income of a Candor resident is $17,884 a year. The US average is $28,555 a year.
- The Median household income of a Candor resident is $44,923 a year. The US average is $69,021 a year.