Burlington, NC is a great place to live with an affordable cost of living. With a 2 bedroom rent at $1,050 and Grocery Cost Index at 95 compared to the US average of 100, Burlington is certainly an attractive place for people looking to save money and stretch their budgets. As far as employment is concerned, Burlington offers jobs in various industries such as IT, healthcare, finance and manufacturing. Popular local companies include Alamance Regional Medical Center, Carolina Textiles LLC, LabCorp and Volvo Trucks North America.
Burlington has an unemployment rate of 5.1%. The US average is 6.0%.
Burlington has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Burlington
- The Sales Tax Rate for Burlington is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Burlington 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 Burlington
- The average income of a Burlington resident is $23,388 a year. The US average is $28,555 a year.
- The Median household income of a Burlington resident is $47,158 a year. The US average is $69,021 a year.