Pasquotank, NC County is an attractive place to live due to its low cost of living. The average 2 bedroom rental cost in Pasquotank is one of the lowest in the US, at $940 compared to the national rate of $1,430. Grocery costs are also more affordable in Pasquotank than the rest of the country, with an index score of 95 instead of 100. Additionally, there are plenty of local businesses which provide employment opportunities for residents. Some local companies include Albemarle Electric Membership Corporation, Carolina East Health System, and Pepsi Bottling Ventures. All these economic advantages make Pasquotank an ideal option for those looking for a comfortable yet affordable lifestyle.
Pasquotank County has an unemployment rate of 5.2%. The US average is 6.0%.
Pasquotank County has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Pasquotank County
- The Sales Tax Rate for Pasquotank County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Pasquotank 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 Pasquotank County
- The average income of a Pasquotank County resident is $28,542 a year. The US average is $37,638 a year.
- The Median household income of a Pasquotank County resident is $56,510 a year. The US average is $69,021 a year.