Lenoir, NC is a great city to live in due to its affordable housing and cost of living. The two bedroom rent in Lenoir is $790 which is considerably lower than the US average of $1,430. Additionally, the grocery cost index in Lenoir is 94 compared with 100 in the US. Not only does this make it an ideal area for people looking to save money but also for those wanting a stable job. Popular local companies that provide jobs include Broyhill Furniture Industries, Inc., Hickory Springs Manufacturing Company, and Hudson Belk. These companies are just a few examples of the many businesses that Lenoir has to offer its residents.
Lenoir has an unemployment rate of 4.8%. The US average is 6.0%.
Lenoir has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Lenoir
- The Sales Tax Rate for Lenoir is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lenoir 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 Lenoir
- The average income of a Lenoir resident is $18,506 a year. The US average is $28,555 a year.
- The Median household income of a Lenoir resident is $42,411 a year. The US average is $69,021 a year.