Gatesville, NC Economy


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Gatesville, NC is a small city located near the shore of North Carolina. It offers affordable rent with two bedroom apartments going for just $870, which is much lower than the US average of $1,430. Gatesville also has a low grocery cost index of 95 compared to 100 in the US. The city is home to many local businesses and attractions such as Gatesville Lumber Company, Applebee's and Biggs Park Mall. Other attractions include the historic downtown area which features several beautiful antique shops and restaurants as well as charming buildings from the 19th century. Additionally, there are plenty of outdoor activities including camping, hiking, biking and fishing spots for visitors to enjoy.

Gatesville has an unemployment rate of 4.0%. The US average is 6.0%.

Gatesville has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.

Tax Rates for Gatesville
- The Sales Tax Rate for Gatesville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gatesville 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 Gatesville
- The average income of a Gatesville resident is $21,087 a year. The US average is $28,555 a year.
- The Median household income of a Gatesville resident is $70,714 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGatesville, North CarolinaUnited States
  46
  -6.8%-6.2%
  31.2%33.5%
  6.8%6.2%
  5.3%4.6%
  $31,035$37,638
  $70,714$69,021
  $70,250$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  15.3%6.8%
  12.2%10.0%
  0.0%2.5%
  7.1%11.0%
  7.1%4.8%
  0.0%0.8%
  1.0%1.9%
  5.1%4.7%
  1.0%1.9%
  3.1%7.6%
  0.0%0.1%
  0.0%4.2%
  15.3%9.3%
  6.1%14.0%
  0.0%2.1%
  0.0%7.0%
  11.2%4.8%
  11.2%4.7%
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