North Carolina is a beautiful state filled with many local businesses and attractions. It’s affordability makes it an attractive destination for people looking for a place to settle down, as the 2 bedroom rent in North Carolina stands at about $1,110 compared to the US average at $1,430. Besides rent, groceries are also more affordable in North Carolina as the Grocery Cost Index is 97 versus 100 in the US. Aside from its affordability, North Carolina has lots of exciting attractions to explore. Charlotte Motor Speedway is one such attraction that hosts some of the most important races in NASCAR every year. Asheville Breweries offers visitors a wide variety of craft beers and delicious food. Boating and fishing on Lake Norman is another popular activity for tourists and locals alike. With so much to offer, North Carolina is an attractive destination for anyone looking for fun and affordability.
North Carolina has an unemployment rate of 4.6%. The US average is 6.0%.
North Carolina has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for North Carolina
- The Sales Tax Rate for North Carolina is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Carolina 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 Carolina
- The average income of a North Carolina resident is $25,608 a year. The US average is $28,555 a year.
- The Median household income of a North Carolina resident is $60,516 a year. The US average is $69,021 a year.