Margarettsville, NC (27583) is a rural town located in Northampton County. The town's population is small at just over 500 people. The cost of living index is relatively low compared to the US average, with 2 bedroom rent averaging around $780 and grocery costs being 94% of the national average. This makes Margarettsville an affordable option for those looking to live in a rural area. Local amenities include several restaurants such as Fish House Express and Country Fryed Chicken, as well as other businesses like Walmart and Dollar General for everyday shopping needs. In addition, there are also two local banks - Bank of America and First National Bank - for financial services.
Margarettsville (zip 27853) has an unemployment rate of 5.9%. The US average is 6.0%.
Margarettsville (zip 27853) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Margarettsville (zip 27853)
- The Sales Tax Rate for Margarettsville (zip 27853) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Margarettsville (zip 27853) 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 Margarettsville (zip 27853)
- The average income of a Margarettsville (zip 27853) resident is $12,548 a year. The US average is $28,555 a year.
- The Median household income of a Margarettsville (zip 27853) resident is $42,639 a year. The US average is $69,021 a year.