Four Oaks, NC is an ideal place to live due to its affordable rent and cost of living. A two bedroom apartment in Four Oaks costs $1,140 on average, which is significantly less than the US average of $1,430. Additionally, grocery costs index at 95 in Four Oaks versus the US average of 100, making it more affordable for those looking to settle down here. The area also boasts several great local businesses such as Four Oaks Food Lion, Piggly Wiggly Grocery Store and JW's Welding & Fabrication that offer a variety of services. Those interested in finding a job will find plenty of opportunities in Four Oaks with these businesses and potentially many more.
Four Oaks has an unemployment rate of 4.1%. The US average is 6.0%.
Four Oaks has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 46.3%, which is higher than the US average of 33.5%.
Tax Rates for Four Oaks
- The Sales Tax Rate for Four Oaks is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Four Oaks 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 Four Oaks
- The average income of a Four Oaks resident is $18,443 a year. The US average is $28,555 a year.
- The Median household income of a Four Oaks resident is $52,159 a year. The US average is $69,021 a year.