China Grove, NC is a small town in North Carolina with a population of around 8,811. It is known for being located near some major cities such as Charlotte and Greensboro. The cost of living in China Grove is relatively low compared to other areas; the 2 bedroom rent is $1,030 per month while the US 2 bedroom rent is $1,430. Additionally, the Grocery Cost Index for China Grove is 96 versus 100 in the US. This makes it an attractive place for those looking to save money and still be close to some of North Carolina’s most popular cities. Some local companies in China Grove include M&M Investment Co., Global Business Solutions Incorporated, and Cogburn Contractors Inc. All of these businesses make up the vibrant economy of this small town.
China Grove has an unemployment rate of 4.7%. The US average is 6.0%.
China Grove has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.7%, which is higher than the US average of 33.5%.
Tax Rates for China Grove
- The Sales Tax Rate for China Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for China Grove 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 China Grove
- The average income of a China Grove resident is $20,050 a year. The US average is $28,555 a year.
- The Median household income of a China Grove resident is $36,843 a year. The US average is $69,021 a year.