Kannapolis, NC is an ideal place to live due to its affordability and quality of life. The average 2 bedroom rent is $1,100 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Kannapolis is 96 compared to 100 in the US. There are many local companies such as Continental Textiles and Cabarrus Creamery that make Kannapolis a great place to work or start a business. In terms of attractions there are plenty to choose from ranging from sports events at Intimidators Stadium to shopping at Concord Mills Mall. Lastly, Kannapolis offers quality education opportunities with nearby institutions such as Central Piedmont Community College and University of North Carolina at Charlotte (UNC Charlotte).
Kannapolis has an unemployment rate of 4.8%. The US average is 6.0%.
Kannapolis has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 48.4%, which is higher than the US average of 33.5%.
Tax Rates for Kannapolis
- The Sales Tax Rate for Kannapolis is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kannapolis 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 Kannapolis
- The average income of a Kannapolis resident is $21,149 a year. The US average is $28,555 a year.
- The Median household income of a Kannapolis resident is $58,084 a year. The US average is $69,021 a year.