Scotland, NC county is located within North Carolina, and is known as a great place to settle for its peaceful environment and low cost of living. The average 2 bedroom rent in Scotland, NC county is only $770 per month compared to the US 2 bedroom rent of $1430, making it an ideal place to settle in for those looking for cheaper living costs. The grocery cost index in Scotland is also lower than the national average at 93 points compared to 100 points in the US.
Scotland, NC county has multiple small businesses that make up its economy including the Smithfield Packing Company, Scotchman Industries Inc., Conbraco Industries Inc., and United Insurance Company. All these businesses have helped contribute to making Scotland a desirable location for people from around the country. For those looking for a lower cost of living with easy access to multiple businesses, Scotland is an ideal location.
Scotland County has an unemployment rate of 8.9%. The US average is 6.0%.
Scotland County has seen the job market decrease by -7.5% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Scotland County
- The Sales Tax Rate for Scotland County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Scotland 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 Scotland County
- The average income of a Scotland County resident is $23,230 a year. The US average is $37,638 a year.
- The Median household income of a Scotland County resident is $39,866 a year. The US average is $69,021 a year.