Louisburg, NC is a great place to live for those looking for an affordable lifestyle. The cost of 2 bedroom rent in Louisburg is only $1,130 compared to the national average of $1,430, making it a great option for families who want to save money each month. Additionally, the Grocery Cost Index in Louisburg is 96 versus 100 in the US which means groceries are also cheaper here than most other places in the country. Companies like Walmart and Food Lion have locations in Louisburg and there are also numerous small business establishments ranging from restaurants to clothing shops that make up the local economy.
Louisburg has an unemployment rate of 4.5%. The US average is 6.0%.
Louisburg has seen the job market increase by 2.9% 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 Louisburg
- The Sales Tax Rate for Louisburg is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Louisburg 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 Louisburg
- The average income of a Louisburg resident is $16,501 a year. The US average is $28,555 a year.
- The Median household income of a Louisburg resident is $23,169 a year. The US average is $69,021 a year.