Alamance, NC County is an attractive and affordable place to live. The average 2 bedroom rent in the county is $1,020 which is significantly less than the national average of $1,430. Additionally, the Grocery Cost Index in Alamance County is 96 versus 100 in the US, making it even more cost-effective to live there. This makes Alamance a great place for those who want to save money while still enjoying quality of life. There are many local businesses that provide essential services and amenities such as grocery stores, restaurants, banks and retail outlets. These businesses help create jobs for local residents and provide them with the opportunity to build their own career paths and contribute positively to the economy. In addition, these local companies often offer special discounts or incentives that make their services even more attractive.
Alamance County has an unemployment rate of 4.5%. The US average is 6.0%.
Alamance County has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Alamance County
- The Sales Tax Rate for Alamance County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Alamance 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 Alamance County
- The average income of a Alamance County resident is $23,324 a year. The US average is $28,555 a year.
- The Median household income of a Alamance County resident is $55,078 a year. The US average is $69,021 a year.