Boone, NC is a city in the western part of North Carolina. It is known for its picturesque views and affordable living costs. The rent for a two bedroom apartment is $810, which is significantly lower than the national average of $1,430. Grocery cost index in Boone is also in line with the US average at 100. This makes Boone an attractive place to live for those looking for an affordable lifestyle and scenic views. There are many local companies based in Boone such as Appalachian State University, Samaritan's Purse, Linn Ventures LLC and Convergint Technologies, to name just a few. All these companies make Boone an economically diverse city and contribute to its dynamism.
Boone has an unemployment rate of 3.4%. The US average is 6.0%.
Boone has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Boone
- The Sales Tax Rate for Boone is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Boone 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 Boone
- The average income of a Boone resident is $12,669 a year. The US average is $28,555 a year.
- The Median household income of a Boone resident is $24,756 a year. The US average is $69,021 a year.