Lumber Bridge, NC is located in Hoke County and is a small town with a population of just over 1,000. The cost of living is lower than the US national average with an average two bedroom rent at only $860 compared to the US average of $1,430. Additionally, grocery cost index in Lumber Bridge is 94 versus 100 in the US. \nThe local economy consists mainly of service-related businesses such as retail stores, restaurants and car repair shops. A few popular companies located in Lumber Bridge include Cracker Barrel Old Country Store, Red Onion Restaurant & Bar and Frank's Alignment & Brake Service. \nBeyond its business opportunities there are several outdoor activities that can be enjoyed by visitors including golfing at Pinecrest Country Club or fishing on the various lakes surrounding Lumber Bridge like Big Lake, Little Long Acres Lake and Detox Pond Lake. For those who enjoy history there’s also the historic Betsy Ross House nearby which offers tours throughout the year.
Lumber Bridge has an unemployment rate of 6.8%. The US average is 6.0%.
Lumber Bridge has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Lumber Bridge
- The Sales Tax Rate for Lumber Bridge is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lumber Bridge 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 Lumber Bridge
- The average income of a Lumber Bridge resident is $23,161 a year. The US average is $28,555 a year.
- The Median household income of a Lumber Bridge resident is $56,250 a year. The US average is $69,021 a year.