Maxton, North Carolina is a small town with a population of 2,919. With such a small population, the town has been able to keep its cost of living low. The average rent for two bedrooms in Maxton is $890, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Maxton is 92 compared to 100 nationally.
Local businesses play an important role in keeping the cost of living low while simultaneously stimulating economic growth in Maxton. Major companies based out of Maxton include Raeford Farms Inc., Bladen Winery & Vineyard LLC., and Dental Care Associates LLC., among others. These companies provide employment opportunities to local citizens and contribute to tax revenue for the area. Additionally, they create a sense of community by providing goods and services needed by residents and visitors alike; thus helping support the local economy as a whole.
Maxton (zip 28364) has an unemployment rate of 6.8%. The US average is 6.0%.
Maxton (zip 28364) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Maxton (zip 28364)
- The Sales Tax Rate for Maxton (zip 28364) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Maxton (zip 28364) 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 Maxton (zip 28364)
- The average income of a Maxton (zip 28364) resident is $12,193 a year. The US average is $28,555 a year.
- The Median household income of a Maxton (zip 28364) resident is $35,321 a year. The US average is $69,021 a year.