Mayodan, NC is an ideal place to live due to the relatively low cost of living. Rent for a two bedroom apartment is $760 which is much lower than the national average of $1,430. Additionally, grocery costs are 92 points on the cost index versus 100 in the US providing further savings. Mayodan offers its residents access to local amenities and businesses such as Carolina Nursing & Rehabilitation Center, GBS Mills Inc., and Fedex Ground. With its affordable lifestyle and access to services, it's no wonder why many people choose to call Mayodan their home.
Mayodan has an unemployment rate of 5.4%. The US average is 6.0%.
Mayodan has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Mayodan
- The Sales Tax Rate for Mayodan is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mayodan 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 Mayodan
- The average income of a Mayodan resident is $16,899 a year. The US average is $28,555 a year.
- The Median household income of a Mayodan resident is $31,546 a year. The US average is $69,021 a year.