Martin, NC County is located in North Carolina and is an area rich in history. It has a population of around 15,000 people, and it offers many amenities for residents such as education, recreation, healthcare, culture, and shopping. The cost of living in the county is relatively low with 2 bedroom rent averaging $770 per month compared to the US average of $1,430. Additionally, grocery costs are lower in Martin County than the US average with a Grocery Cost Index of 92 compared to 100 in the US. There are several local companies that provide job opportunities to residents such as Martin General Hospital, East Carolina University School of Medicine, Southern Bank & Trust Company, Boddie-Noell Enterprises Inc., and more. Overall economic conditions are fairly stable with fiscal responsibility and economic growth as priorities for local officials.
Martin County has an unemployment rate of 5.3%. The US average is 6.0%.
Martin County has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Martin County
- The Sales Tax Rate for Martin County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Martin 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 Martin County
- The average income of a Martin County resident is $19,313 a year. The US average is $28,555 a year.
- The Median household income of a Martin County resident is $41,798 a year. The US average is $69,021 a year.