North Wilkesboro, NC is an ideal place to live and work. The cost of living in the area is very low compared to other areas of the country. Rent for a 2 bedroom apartment is $770 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in North Wilkesboro is 95 compared to 100 in the US. This makes it more affordable for residents to purchase groceries. There are many local businesses that are thriving in North Wilkesboro such as Lowes Foods, IGA Supermarket, Cornerstone Automotive Group, Wiles-Smith Drug Store, Elite Auto Sales and Service, and Wilkes County Hospital. North Wilkesboro has several economic advantages including its low cost of living, its abundance of local businesses offering a variety of services and products at competitive prices and its proximity to several major cities such as Charlotte and Winston-Salem.
North Wilkesboro has an unemployment rate of 4.4%. The US average is 6.0%.
North Wilkesboro has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for North Wilkesboro
- The Sales Tax Rate for North Wilkesboro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Wilkesboro 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 North Wilkesboro
- The average income of a North Wilkesboro resident is $13,129 a year. The US average is $28,555 a year.
- The Median household income of a North Wilkesboro resident is $40,750 a year. The US average is $69,021 a year.