Carthage, NC Economy


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Carthage, North Carolina is a great place to live and work with a low cost of living. The average two bedroom rent in Carthage is only $780, which is considerably lower than the US two bedroom rent average of $1,430. Additionally, the grocery cost index in Carthage is only 98 as compared to 100 in the US. For those on a budget who want to enjoy the beauty of North Carolina, Carthage offers great value for their money. The area boasts attractions such as Reed Gold Mine State Historic Site and Lazy 5 Ranch and has several large private companies such as Tyson Foods and Topsail Marine Corporation nearby. All this makes Carthage an attractive place for those looking for an affordable home.

Carthage has an unemployment rate of 4.2%. The US average is 6.0%.

Carthage has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.

Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Carthage 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 Carthage
- The average income of a Carthage resident is $17,628 a year. The US average is $28,555 a year.
- The Median household income of a Carthage resident is $52,339 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarthage, North CarolinaUnited States
  4.26
  -7.4%-6.2%
  40.3%33.5%
  6.8%6.2%
  5.3%4.6%
  $28,248$37,638
  $52,339$69,021
  $86,250$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  9.9%6.8%
  5.2%10.0%
  0.9%2.5%
  10.3%11.0%
  2.2%4.8%
  0.9%0.8%
  0.4%1.9%
  0.0%4.7%
  0.0%1.9%
  0.7%7.6%
  0.5%0.1%
  4.4%4.2%
  6.7%9.3%
  18.6%14.0%
  0.8%2.1%
  15.5%7.0%
  8.5%4.8%
  11.3%4.7%
Reviews for Carthage
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Over 5 years ago

Some call it "sweet carthage" really...no industry other than the "Chuck Wagon" restaurant. The city has had high hopes for years of becoming a tourist destination with  More

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Over 13 years ago

Carthage, the county seat of Moore County, was once the center of manufacture of horse drawn carriages...before the automobile was discovered. It has been somewhat slow  More

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I have lived all over the world and never thought I would settle down. Somehow I ended up in North Carolina, close to Carthage. When I found out I was going to be a  More

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