McDonald, NC is a small town located in North Carolina with a population of over 500 people. It has a low cost of living, evidenced by the lower rent for 2 bedroom apartments at $690 compared to the US average of $1,430. The Grocery Cost Index is also lower than the US average, at 92 versus 100.
McDonald is home to a variety of local businesses such as McDonald Automotive Solutions for car repairs, McDonald's Landscaping for yard needs and The Country Store for groceries. Additionally, citizens can visit local banks such as First Bank and United Community Bank, get dental care from McDonald Dental Care or optometry services from McDonald Eye Clinic.
McDonald has an unemployment rate of 6.8%. The US average is 6.0%.
McDonald 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 McDonald
- The Sales Tax Rate for McDonald is 7.0%. The US average is 7.3%.
- The Income Tax Rate for McDonald 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 McDonald
- The average income of a McDonald resident is $18,893 a year. The US average is $28,555 a year.
- The Median household income of a McDonald resident is $41,250 a year. The US average is $69,021 a year.