Craven County, NC Economy


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Craven County, North Carolina is a great place to live. This county offers its residents many benefits, including affordable rent and cost of living. The average two bedroom rent in Craven County is $1,090 compared to the national average of $1,430. Additionally, the grocery cost index in Craven County is 95 versus 100 nationally. As a result of this low cost of living, many businesses have established themselves in Craven County. This includes companies such as Harris Teeter Grocery Store, BB&T Bank, Lowes Home Improvement Warehouse and McDonalds Restaurants. Residents also have access to various local resources such as Community Family Services Inc., which provides assistance with food and clothing; Care Net Pregnancy Center of Eastern Carolina for reproductive health services; and the Havelock Senior Center for senior support services.

Craven County has an unemployment rate of 4.5%. The US average is 6.0%.

Craven County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Craven County
- The Sales Tax Rate for Craven County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Craven County 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 Craven County
- The average income of a Craven County resident is $24,582 a year. The US average is $28,555 a year.
- The Median household income of a Craven County resident is $56,325 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCraven, North CarolinaUnited States
  4.56
  -5.4%-6.2%
  29.8%33.5%
  6.8%6.2%
  5.3%4.6%
  $30,847$37,638
  $56,325$69,021
  $69,258$85,028
  Population by Occupation
  1.4%1.2%
  0.7%0.5%
  5.2%6.8%
  11.8%10.0%
  1.9%2.5%
  12.0%11.0%
  4.5%4.8%
  0.5%0.8%
  1.4%1.9%
  2.7%4.7%
  1.5%1.9%
  3.8%7.6%
  0.0%0.1%
  3.5%4.2%
  7.7%9.3%
  14.4%14.0%
  1.3%2.1%
  10.9%7.0%
  5.2%4.8%
  9.5%4.7%
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