Danbury, NC is a small town in North Carolina with a population of around 1,400 people. It is located about an hour away from Winston-Salem and Greensboro and is known for its quaint downtown area. Danbury also has many local businesses including the Danbury Pharmacy, Danbury Auto Parts, and the Country Store. The cost of living in Danbury is lower than most other parts of the country. For example, the average 2-bedroom rent in Danbury is $840 compared to the national average of $1,430. Additionally, the grocery cost index in Danbury is 94 versus 100 in the US, meaning groceries are 6 percent cheaper than they are nationally. Overall, Danbury provides a relatively affordable place to live with all the amenities of a larger town.
Danbury has an unemployment rate of 4.2%. The US average is 6.0%.
Danbury has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Danbury
- The Sales Tax Rate for Danbury is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Danbury 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 Danbury
- The average income of a Danbury resident is $23,761 a year. The US average is $37,638 a year.
- The Median household income of a Danbury resident is $73,750 a year. The US average is $69,021 a year.