Hoffman, NC (28347) is a small town in Montgomery County with a population of 620. The median rent for a two-bedroom apartment in Hoffman is $700, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Hoffman is 93 versus 100 for the nation as a whole.
For employment opportunities, Hoffman provides residents access to several local companies such as C & B Farms LLC, R & B Farms Inc., and Pine Hill Farm Supply & Equipment Co. C & B Farms LLC produces cotton and corn while R & B Farms Inc. specializes in hay production, and Pine Hill Farm Supply & Equipment Co. supplies farm equipment and tools across North Carolina. In addition to these agricultural businesses, many residents also work in nearby cities such as Troy or Carthage which offer more diverse job opportunities.
Hoffman (zip 28347) has an unemployment rate of 6.7%. The US average is 6.0%.
Hoffman (zip 28347) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Hoffman (zip 28347)
- The Sales Tax Rate for Hoffman (zip 28347) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hoffman (zip 28347) 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 Hoffman (zip 28347)
- The average income of a Hoffman (zip 28347) resident is $11,711 a year. The US average is $28,555 a year.
- The Median household income of a Hoffman (zip 28347) resident is $34,767 a year. The US average is $69,021 a year.