East Spencer, NC is a small town located in Rowan County with an estimated population of 2,200. It features a rich history and is home to several interesting sights and attractions. The rent for 2 bedroom homes in East Spencer is approximately $1,000, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index score for East Spencer is 94 compared to 100 nationwide which indicates cheaper grocery costs.
Local companies such as Cannon Mills and the Salisbury-Spencer Railroad Co. are major employers in the area while visitors can explore popular attractions such as Erwin Park or Faith Rock Park. Outdoor enthusiasts will enjoy fishing and camping at High Rock Lake or hunting game in nearby Dan Nicholas Park while art lovers can visit galleries like Waterworks Visual Arts Center to appreciate local works. All these factors combined make East Spencer a great place to live and visit!
East Spencer has an unemployment rate of 4.7%. The US average is 6.0%.
East Spencer has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.7%, which is higher than the US average of 33.5%.
Tax Rates for East Spencer
- The Sales Tax Rate for East Spencer is 7.0%. The US average is 7.3%.
- The Income Tax Rate for East Spencer 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 East Spencer
- The average income of a East Spencer resident is $10,076 a year. The US average is $28,555 a year.
- The Median household income of a East Spencer resident is $40,290 a year. The US average is $69,021 a year.