Tar Heel, NC is a small town located in Bladen County with a population of 1,640 people. It is known for its affordable living costs and inexpensive rents. The average rent for a two bedroom apartment in Tar Heel, NC is $750 compared to the US average rent of $1,430. Similarly, the grocery cost index in Tar Heel is 95 versus 100 in the US. Despite being a small town Tar Heel has several notable local companies such as Topsail Seafood Inc., Coastal Carolina Lumber Company, C & S Refrigeration and Island Creek Farms. These businesses have helped to create a thriving economy for this small town while still providing the residents with an affordable cost of living and plenty of job opportunities.
Tar Heel has an unemployment rate of 5.3%. The US average is 6.0%.
Tar Heel has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Tar Heel
- The Sales Tax Rate for Tar Heel is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Tar Heel 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 Tar Heel
- The average income of a Tar Heel resident is $21,671 a year. The US average is $28,555 a year.
- The Median household income of a Tar Heel resident is $23,500 a year. The US average is $69,021 a year.