McDowell, NC County is a great place to live for people looking for affordability. With 2 bedroom rent at $770, it's price point is significantly lower than the US average of $1,430. The grocery cost index in McDowell is 97 as compared to 100 in the US, making groceries more affordable too. The area offers plenty of amenities and services from local companies such as Champion Cleaners, Tryon Federal Bank, and Blue Ridge Pharmacy. There are also several recreational opportunities like the Greenlee Forestry Education Center and Lake James State Park nearby. All these make McDowell an ideal spot for living comfortably while keeping costs low.
McDowell County has an unemployment rate of 4.4%. The US average is 6.0%.
McDowell County has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for McDowell County
- The Sales Tax Rate for McDowell County is 6.8%. The US average is 7.3%.
- The Income Tax Rate for McDowell County 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 McDowell County
- The average income of a McDowell County resident is $18,730 a year. The US average is $28,555 a year.
- The Median household income of a McDowell County resident is $50,615 a year. The US average is $69,021 a year.