Chapel Hill, NC is a desirable place to live due to its convenient location and cost of living. Situated close to the Research Triangle, Chapel Hill offers easy access to major metropolitan areas such as Raleigh, Durham and Chapel Hill. The average two-bedroom rent in Chapel hill is $1,390 while it is slightly higher nationally at $1,430. Additionally, the grocery cost index in Chapel Hill is 104 compared to the national average of 100. This lower grocery cost makes it easier for residents to afford their day-to-day needs. The town also boasts well-known companies such as IBM and EY which offer a variety of job opportunities for local residents. Furthermore, Chapel Hill has seen increased investment from big businesses such as Amazon and Google, making it an even more attractive destination for those looking for career advancement or stability. With its vibrant culture, top universities nearby and ever increasing job market options – Chapel Hill is an ideal place to live.
Chapel Hill has an unemployment rate of 3.2%. The US average is 6.0%.
Chapel Hill has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Chapel Hill
- The Sales Tax Rate for Chapel Hill is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Chapel Hill 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 Chapel Hill
- The average income of a Chapel Hill resident is $36,928 a year. The US average is $28,555 a year.
- The Median household income of a Chapel Hill resident is $77,037 a year. The US average is $69,021 a year.