Varnamtown, NC is a great place to live due to its affordability. The average rent for a 2 bedroom apartment here is $820, while the same in the US costs $1,430. Additionally, grocery shopping is also cheaper in Varnamtown with their Grocery Cost Index being 104 compared to the national average of 100. Local companies like Smith and Son's Grocery Store and Johnson's Gas Station provide quality products at reasonable prices. Residents can expect savings on both rent and groceries by choosing to live here versus somewhere else in the US.
Varnamtown has an unemployment rate of 5.8%. The US average is 6.0%.
Varnamtown has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Varnamtown
- The Sales Tax Rate for Varnamtown is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Varnamtown 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 Varnamtown
- The average income of a Varnamtown resident is $20,975 a year. The US average is $28,555 a year.
- The Median household income of a Varnamtown resident is $63,242 a year. The US average is $69,021 a year.