Glen Raven, NC is a small town located just north of Alamance County and south of Caswell County. The town has a population of around 1,000 people and offers many amenities including local businesses, schools and parks. Rent for a two bedroom apartment in Glen Raven is considerably lower than the national average, at $970 compared to $1,430 nationally. The grocery cost index in Glen Raven is also lower than the national average, at 94 versus 100 in the US.
Some popular local companies in Glen Raven include Caswell Paving Company, Carolina Fabrics Corporation and AEO Industrial Supply Company. These local businesses provide employment opportunities for many of the residents in the area. Additionally, there are several other smaller businesses located throughout the town such as grocery stores, restaurants and retail stores that offer additional job opportunities to locals.
Glen Raven has an unemployment rate of 4.5%. The US average is 6.0%.
Glen Raven 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 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Glen Raven
- The Sales Tax Rate for Glen Raven is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Glen Raven 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 Glen Raven
- The average income of a Glen Raven resident is $21,839 a year. The US average is $28,555 a year.
- The Median household income of a Glen Raven resident is $55,000 a year. The US average is $69,021 a year.