Southern Shores, NC is a popular vacation spot for many that are looking for a beach getaway. Located in the Outer Banks, Southern Shores has miles of beaches and plenty of activities to keep tourists entertained. It is also an ideal location for those who wish to live in a coastal town. The cost of living here is quite reasonable compared to other areas with 2 bedroom rental prices at $1,130, which is lower than the US average rent price of $1,430. In addition, the grocery cost index in Southern Shores is 104 versus 100 in the US which shows that groceries are relatively more affordable here. There are several local companies located in Southern Shores such as Bark & Finch Pet Boutique & Bakery, Coastal Rentals & Sales OBX LLC and La Dolce Vita OBX Cafe & Pizzeria that are popular among residents and visitors alike. Overall, Southern Shores offers an excellent quality of life with its close proximity to beaches and its low cost of living.
Southern Shores has an unemployment rate of 7.5%. The US average is 6.0%.
Southern Shores has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Southern Shores
- The Sales Tax Rate for Southern Shores is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Southern Shores 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 Southern Shores
- The average income of a Southern Shores resident is $68,513 a year. The US average is $37,638 a year.
- The Median household income of a Southern Shores resident is $104,625 a year. The US average is $69,021 a year.