Mount Olive, NC (zip code 28365) is a great place to live as it offers an agreeable cost of living with relatively low rent prices when compared to the US average. For example, the median 2 bedroom rent in Mount Olive is approximately $800, while the national median is $1,430. This disparity allows for individuals on a budget to afford their rental costs without having to compromise quality or location. Additionally, the Grocery Cost Index in Mount Olive is 93 compared to 100 in the US.
There are several local companies that residents of Mount Olive can support such as E & R Auto Repair and Sales, William's Feed Store, and Drye's Market that offer employment opportunities within the community and provide quality goods and services to its citizens. Furthermore, lower rental rates can have positive economic effects on Mount Olive as they encourage more people to move into the area which can result in job growth and increased revenue for local businesses due to increased patronage.
Mount Olive (zip 28365) has an unemployment rate of 4.8%. The US average is 6.0%.
Mount Olive (zip 28365) 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 (zip 28365)
- The Sales Tax Rate for Mount Olive (zip 28365) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mount Olive (zip 28365) 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 (zip 28365)
- The average income of a Mount Olive (zip 28365) resident is $17,909 a year. The US average is $28,555 a year.
- The Median household income of a Mount Olive (zip 28365) resident is $47,972 a year. The US average is $69,021 a year.