Falkland, NC is a small town located in the eastern part of North Carolina. It offers an affordable cost of living with an average two-bedroom rent of just $990 compared to the US average of $1,430. The Grocery Cost Index in Falkland is 94 compared to 100 in the US, making grocery costs much more affordable than other parts of the country. The local economy is largely driven by manufacturing companies such as Lowe's and IKEA, which produce furniture and household appliances for customers around the world. Other companies in Falkland include Storicks Construction Co., Inc., State Employees' Credit Union and Carolina Environmental Holdings. These businesses serve the local community and provide quality services and products to make Falkland a great place to live and work.
Falkland has an unemployment rate of 4.6%. The US average is 6.0%.
Falkland has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Falkland
- The Sales Tax Rate for Falkland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Falkland 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 Falkland
- The average income of a Falkland resident is $18,809 a year. The US average is $28,555 a year.
- The Median household income of a Falkland resident is $83,340 a year. The US average is $69,021 a year.