Rocky Mount, NC Metro Area is a great place for companies to consider establishing their operations. With its affordable cost of living, 2 bedroom rent at only $890 compared to the US average of $1,430 and a grocery cost index of 93 versus 100 in the US, it is an attractive option for families looking to save money. Companies like Amazon, Home Depot and KFC have already recognized the benefits of this location and have set up operations here. The area also offers other advantages such as close proximity to major cities like Raleigh and access to highways leading out of town. Rocky Mount has a diverse economy with many employers in healthcare, manufacturing, retail and education which makes it an ideal place for businesses looking to expand into new markets.
Rocky Mount Metro Area has an unemployment rate of 6.3%. The US average is 6.0%.
Rocky Mount Metro Area has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Rocky Mount Metro Area
- The Sales Tax Rate for Rocky Mount Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Rocky Mount Metro Area 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 Rocky Mount Metro Area
- The average income of a Rocky Mount Metro Area resident is $21,060 a year. The US average is $28,555 a year.
- The Median household income of a Rocky Mount Metro Area resident is $49,369 a year. The US average is $69,021 a year.