Mount Olive, NC is a small town with a population of around 6,000 people. It is situated in the Eastern part of North Carolina and offers its residents an affordable cost of living compared to the rest of the United States. The rent for a two-bedroom apartment is $800 per month which is half the price of the US average at $1,430. Additionally, groceries are even more economical with a Grocery Cost Index rating of 93 versus 100 in the US. This makes Mount Olive a great place to live for those looking to save money on their housing and food costs. The area also hosts numerous local businesses such as L&L Family Farms, Mt Olive Pickle Company, and Southern Bank & Trust Co., providing plenty of job opportunities for its citizens.
Mount Olive has an unemployment rate of 4.8%. The US average is 6.0%.
Mount Olive has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Mount Olive
- The Sales Tax Rate for Mount Olive is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mount Olive 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 Mount Olive
- The average income of a Mount Olive resident is $15,674 a year. The US average is $28,555 a year.
- The Median household income of a Mount Olive resident is $40,392 a year. The US average is $69,021 a year.