Cherryville, NC is a vibrant city located in Gaston County. It is home to many local businesses including Cherryville Hardware, G&G Electric Motors, and Rawls Auto Parts. The average cost of living in Cherryville is relatively low compared to the rest of the United States. The average rent for a two-bedroom apartment is $910 compared to $1,430 nationally. Additionally, the Grocery Cost Index for Cherryville is 94 versus 100 in the US. This means that residents pay six percent less than other Americans on groceries. This makes Cherryville an attractive destination for people looking for lower costs of living without sacrificing quality of life.
Cherryville has an unemployment rate of 5.0%. The US average is 6.0%.
Cherryville has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.7%, which is higher than the US average of 33.5%.
Tax Rates for Cherryville
- The Sales Tax Rate for Cherryville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Cherryville 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 Cherryville
- The average income of a Cherryville resident is $22,972 a year. The US average is $28,555 a year.
- The Median household income of a Cherryville resident is $51,938 a year. The US average is $69,021 a year.