Wallace, NC is a small town located about an hour northwest of Wilmington. It is an appealing area for those looking to settle in a peaceful yet vibrant community. In terms of affordability, Wallace offers two-bedroom rental rates at $930 per month compared to the national average of $1,430. Additionally, the cost of groceries in Wallace is 94 on the index versus 100 in the US overall.
Wallace has several popular companies operating in town such as Aldi Grocery Store, Smithfield Foods, and Pate Dawson Company that offer great job opportunities to its residents. The affordability index makes it easier for people to live comfortably while still managing their finances with ease. This makes Wallace a great place for families wanting to relocate and live within their means.
Wallace has an unemployment rate of 4.1%. The US average is 6.0%.
Wallace has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Wallace
- The Sales Tax Rate for Wallace is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wallace 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 Wallace
- The average income of a Wallace resident is $19,069 a year. The US average is $28,555 a year.
- The Median household income of a Wallace resident is $40,925 a year. The US average is $69,021 a year.