Vanceboro, North Carolina is a small town located in Craven County. It has a population of just 2,865 people and is situated on the South Atlantic coast. The average two-bedroom rent in Vanceboro is $900, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Vanceboro is only 94 versus the 100 seen in the US. This makes it an attractive location for those looking to save money.
The local economy of Vanceboro boasts several businesses, including Albritton Carpet Care Inc., Eastern Auto Supply Co., and Carolina Equipment & Supply Co. Albritton Carpet Care Inc. offers quality services for all types of residential and commercial carpets while Eastern Auto Supply Co., specializes in automotive parts and supplies for both cars and trucks. Lastly, Carolina Equipment & Supply Co provides agricultural products and equipment to businesses throughout the area. These businesses offer employment opportunities for residents of Vanceboro as well as providing goods and services to those who live there.
Vanceboro (zip 28586) has an unemployment rate of 4.5%. The US average is 6.0%.
Vanceboro (zip 28586) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Vanceboro (zip 28586)
- The Sales Tax Rate for Vanceboro (zip 28586) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Vanceboro (zip 28586) 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 Vanceboro (zip 28586)
- The average income of a Vanceboro (zip 28586) resident is $21,788 a year. The US average is $37,638 a year.
- The Median household income of a Vanceboro (zip 28586) resident is $36,070 a year. The US average is $69,021 a year.