Cerro Gordo, NC is an affordable place to live, with a 2 bedroom rent of $790, compared to the US average of $1,430. The cost of groceries in Cerro Gordo is also lower than the national average, with an index of 93 versus 100 in the US. Major employers in the area include Walmart Distribution Center, Cape Fear Valley Medical Center and Goodyear Tire & Rubber Company. cerro Gordo provides an overall affordable lifestyle for those looking to relocate or invest in property.
Cerro Gordo has an unemployment rate of 6.1%. The US average is 6.0%.
Cerro Gordo has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Cerro Gordo
- The Sales Tax Rate for Cerro Gordo is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Cerro Gordo 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 Cerro Gordo
- The average income of a Cerro Gordo resident is $20,857 a year. The US average is $37,638 a year.
- The Median household income of a Cerro Gordo resident is $0 a year. The US average is $69,021 a year.