Northwest, NC is a great place to live and work. The cost of living is low with 2 bedroom rentals averaging $1,050 and the grocery cost index hovering around 98 compared to the US average of 100. This makes Northwest an attractive option for anyone looking for affordable housing. The area has a vibrant business community with many local companies such as Piedmont Health Care, Carolina National Bank, HomeGrown Apparel, and High Country Plumbing Services. Each one offers its own unique products and services that help make Northwest an attractive place to both live and do business.
Northwest has an unemployment rate of 5.8%. The US average is 6.0%.
Northwest 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 42.8%, which is higher than the US average of 33.5%.
Tax Rates for Northwest
- The Sales Tax Rate for Northwest is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Northwest 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 Northwest
- The average income of a Northwest resident is $18,865 a year. The US average is $28,555 a year.
- The Median household income of a Northwest resident is $37,885 a year. The US average is $69,021 a year.