Apex, NC is a charming city located just 15 miles southwest of the state capital. It is known for its beautiful parks, convenient access to Raleigh-Durham International Airport and its modern shopping centers. The cost of living in Apex is slightly higher than the US average; the median 2 bedroom rent is $1,710 versus a national average of $1,430. Grocery costs are also higher at 103 compared to the United States index of 100.
The city has seen tremendous growth over the past decade and continues to be an attractive destination for businesses. Companies such as Lenovo, IBM and Avaya all have offices in Apex as well as local small businesses including Capital City Cheesecakes, Brazilian Arts Cafe and Kanki Japanese Steakhouse & Sushi Bar.
Apex has an unemployment rate of 2.8%. The US average is 6.0%.
Apex has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 49.5%, which is higher than the US average of 33.5%.
Tax Rates for Apex
- The Sales Tax Rate for Apex is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Apex 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 Apex
- The average income of a Apex resident is $35,852 a year. The US average is $28,555 a year.
- The Median household income of a Apex resident is $121,313 a year. The US average is $69,021 a year.